4 ms·
Never denied that money and debt are the same. I am denying that printed money is the same as debt money.
by chii 3y ago
Never denied that money and debt are the same. I am denying that printed money is the same as debt money.
- kelipso 3y agoYou are talking about printed money as in real world coins and paper/cloth cash? That's just not relevant at all in this age.
- chii 3y agono, i'm not talking about physically printed money. I'm talking about generating money not via debt, but via "wishing" it into existance. Banks generate money via debt. This is OK. If the treasury starts printing money - like what Zimbabwe or Venezuela did (or the Weimar Republic[1] pre-WW2) - then you will get rampant inflation. [1] https://en.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_Republic#Hyperinflation https://en.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_R...