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> adding more consumer spending via consumer credit would be a negative, not a positive? In a way yeah. I mean you increase demand for goods/services without
by qwytw 3y ago
> adding more consumer spending via consumer credit would be a negative, not a positive?
In a way yeah. I mean you increase demand for goods/services without an equivalent increase in productivity you just end up with higher prices (of course the idea is that "economic" stimulus still tends to increase productivity somewhat, just by a lower % than the increase in money supply. That generally seems to be fair).