3 ms·
No, it's literally just bitflips. The supply of dollars increases by trillions a year between fractional reserve banking and, depending on the year, fed policy
by nixon_why69 4mo ago
No, it's literally just bitflips. The supply of dollars increases by trillions a year between fractional reserve banking and, depending on the year, fed policy. We're not even printing them.
- groundzeros2015 4mo agoIndeed. And according to MMT what that does is claim economic output for the government (work resources etc), without direct taxation.