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The second point is very important. Money is created as debt and asset price inflation is one major mechanism to achieve this. There are other mechanisms too, l
by bgnn 1y ago
The second point is very important. Money is created as debt and asset price inflation is one major mechanism to achieve this. There are other mechanisms too, like market value inflation. Companies with a huge hype, say Open AI, can raise money as debt and that will be just created by private banks out of thin air.