4 ms·
It also can’t be unwisely adjusted to the situation (usually in the form “too much for too long”). I tend to think the benefits of unbacked currency exceed the
by sokoloff 4mo ago
It also can’t be unwisely adjusted to the situation (usually in the form “too much for too long”).
I tend to think the benefits of unbacked currency exceed the downsides, but it’s not exclusively upside.
- RA_Fisher 4mo agoTrue, during Covid when blue collar in-person maga unemployment skyrocketed, the Fed could have avoided increasing the money supply. I wish they had, bc we all had to pay the resulting inflation cost. How were thanked for it? Tons of Constitutional law-breaking.