3 ms·
> The US must continue printing debt (expanding money supply) Can't tell if serious, but if you are, holding that kind of short-sighted opinion, you can be sur
by ur-whale 4y ago
> The US must continue printing debt (expanding money supply)
Can't tell if serious, but if you are, holding that kind of short-sighted opinion, you can be sure to be in most excellent historical company.
I mean it's not like currency debasement causes the fall of empires or anything.
https://en.wikipedia.org/wiki/Denarius https://en.wikipedia.org/wiki/Denarius
https://www.lietaer.com/2021/11/did-the-romans-debase-the-currency/ https://www.lietaer.com/2021/11/did-the-romans-debase-the-cu...
https://www.businessinsider.com/the-long-and-sordid-history-of-currency-debasement-2012-6?r=US&IR=T https://www.businessinsider.com/the-long-and-sordid-history-...
https://www.cato.org/sites/cato.org/files/serials/files/cato-journal/1994/11/cj14n2-7.pdf https://www.cato.org/sites/cato.org/files/serials/files/cato...
https://warwick.ac.uk/fac/arts/classics/intranets/staff/butcher/debasement_and_decline.pdf https://warwick.ac.uk/fac/arts/classics/intranets/staff/butc...
https://coinweek.com/ancient-coins/the-rise-and-fall-of-the-roman-sestertius/ https://coinweek.com/ancient-coins/the-rise-and-fall-of-the-...
- kory 4y agoI encourage you to read more on how the monetary system works. Debt = more currency for use around the world. We need to continuously increase money supply to keep the dollar from appreciating too much and causing a disastrous level of deflation. Of course borrowing is not sustainable, but the alternative is not sustainable faster.