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> It's actual purpose is to inflate the money ... during economic crisis... to stabilize the money supply.
by Aunche 3y ago
> It's actual purpose is to inflate the money
... during economic crisis... to stabilize the money supply.
- WalterBright 3y agoNo, it's to inflate the money whenever the government needs to spend it. Which is what it has done continuously since its inception. The same has happened in every other country that switched to fiat money.
- Aunche 3y agoMonetary policy isn't fiscal policy. Perhaps monetary policy is preventing politicians from facing the consequences of bad fiscal policy, but the alternative is suggesting accelerationism. It's not countries that relied on gold never overspent themselves to ruin.