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Correct, it's the rarety of all others bank notes that is increased, increasing purchasing power is only one consequence possible but not the only one. By the
by ttoinou 3y ago
Correct, it's the rarety of all others bank notes that is increased, increasing purchasing power is only one consequence possible but not the only one.
By the way, being hard to measure doesn't mean it doesn't exist. And there are plenty of things easy to measure that are meaningless
- CraigJPerry 3y agoBank notes are not re-issued 1:1 with destroyed notes. >> being hard to measure doesn't mean it doesn't exist No in this context it does. Either you can measure the increase purchasing power or you can’t. And if you can’t measure it, it doesn’t exist in this specific case.
- ttoinou 3y agoMost economics consequences will never be measured ever
- CraigJPerry 3y agoI think we’d be getting into something akin to “homeopathic” monetary theory with that line of reasoning…!
- ttoinou 3y agoDo you only do stuff in life that you think will be able to measure a posteriori ?