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The central bank wouldn't just sit there and allow the money supply to increase unbounded. They'd turn their knobs so the money supply would remain more per les
by jnwatson 3y ago
The central bank wouldn't just sit there and allow the money supply to increase unbounded. They'd turn their knobs so the money supply would remain more per less constant.
- mvdtnz 3y agoAnd by "turn their knobs" you mean "pull the one and only lever they have and cripple the economy with high interest rates". Universal incomes would be disastrous for economies.
- isitmadeofglass 3y ago[dead]