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Money grows in central bank ledgers. There is no intrinsic limit to the money supply. There is intrinsic limit to what that money supply can buy. But that's
by dredmorbius 2y ago
Money grows in central bank ledgers.
There is no intrinsic limit to the money supply.
There is intrinsic limit to what that money supply can buy. But that's an entirely different question.
And adjustments to the money supply will have effective redistributive effects depending on where and to whom that new money is distributed. Which tends to prompt "money doesn't grow on trees" commentary from those adversely affected or politically aligned with those, whether for or against their own interests.
See generally: MMT.
- refurb 2y ago> See generally: MMT. MMT was proven false by the run up in inflation since Covid.