4 ms·
> Every $ printed but never redeemed is a significant profit Redeemed? Redeemed for what? Its not like they're still trading dollars for gold at any kind of fi
by vel0city 1y ago
> Every $ printed but never redeemed is a significant profit
Redeemed? Redeemed for what? Its not like they're still trading dollars for gold at any kind of fixed rate.
- robocat 1y agoNitpicking over words isn't profitable either, and if you're trying to appear sophisticated you've missed the mark with me. I would love to see an analysis of the benefits of crime to the government accounts.
- Sohcahtoa82 1y agoI interpret "redeemed" as meaning "spent on a good or service". Since the government can just print money, it can spend whatever it wants, but doing so creates inflation because of the higher money supply. Dollars that disappear (ie, they get eaten by rats) push that inflation back down by removing money from the supply.