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That is what makes it even worse. Those benefiting from that would be those who get to spend the extra money first and those affected are those that save. That
by padmanabhan01 17y ago
That is what makes it even worse. Those benefiting from that would be those who get to spend the extra money first and those affected are those that save. That would defeat the whole point of money as a store of value, since it would be losing its value.
- frig 17y agoProbably so; he was asking how money-printing defers costs and I explained it.
- sethg 17y agoThat's a feature, not a bug. Keynes's whole point is that recessions are caused when too many people want to save and too few people want to consume. Putting more money into circulation puts weight on the other side of that scale.
- zargon 17y agoThe numbers tell a different story. http://research.stlouisfed.org/fred2/graph/?chart_type=line&s[1][id]=PSAVERT&s[1][range]=5yrs http://research.stlouisfed.org/fred2/graph/?chart_type=line&...