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Actually, this particular bank was tied up in "the means of production". A disruption could lead to increased inflation, not a decrease, because after the busin
by unyttigfjelltol 4y ago
Actually, this particular bank was tied up in "the means of production". A disruption could lead to increased inflation, not a decrease, because after the businesses fired their employees there would be fewer goods chased by dollars.
Instead, one must destroy value the right way to achieve lower inflation. A surprise insolvency that wipes deposits that never were really considered investments at risk... nah ... not a good destruction of wealth. But take heart, stockholders were zeroed and bondholders maybe not far behind.