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Where is all this extra money coming from, if not from someone else? Inflation - the one action that actually creates more money - accounts for a pretty small p
by falcolas 4y ago
Where is all this extra money coming from, if not from someone else? Inflation - the one action that actually creates more money - accounts for a pretty small part of it.
Without creation of additional money, every dollar earned is someone else’s dollar spent.
And yes, I’ve heard theories that the commodities purchased with a dollar are worth more than that dollar, but if that were true, the item would be sold for more; a “rational” capitalist would sell it according to its actual worth.