4 ms·

The ratio does not matter beyond giving some indication of when you’ll be printing as much money as your entire economy contains every year. It’s not that you

by Aeolun 2y ago

The ratio does not matter beyond giving some indication of when you’ll be printing as much money as your entire economy contains every year. It’s not that you need to do anything about it at all, but eventually your economy will completely collapse.

imtringued 2y ago
>It’s not that you need to do anything about it at all, but eventually your economy will completely collapse. The vast majority of money systems were designed to be disposable and to only last a few hundred years though.
- _heimdall 2y ago
  That's interesting, where do you get that from? I have a hard time seeing people creating a new money system purposely building one that they expect from the beginning to fail.
- fragmede 2y ago
  no they're not. what ridiculous crypto manifesto did you pull that out from?
neilwilson 2y ago
Why and how will it “collapse”? If you want to use the “printing money” analogy because you can’t grok the correct credit and debit process then you have to accept that taxation “shreds money” and saving money (which is what a deficit is) “puts it in a drawer”. How does people putting money in a drawer cause a problem?