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"Our fiscal system is a zero sum game in the end." That would be news to me? Money is created all the time and also lost. The central banks try to keep prices
by lukan 2y ago
"Our fiscal system is a zero sum game in the end."
That would be news to me?
Money is created all the time and also lost. The central banks try to keep prices stable, by influencing the rate in which money gets created, so why should it be zero sum?
(not a US citicen, though, but I belive the US central banking system works this way)
- throwawayqqq11 2y ago> Money is created all the time and also lost. > why should it be zero sum? Money is created as debt by (central) banks and vanishes as it is paid back.