tw25550443

4 ms·

1. 1.▲
   by tw25550443 6y ago

   This entire comments section reminds me of every econ discussion I've seen on the web for the past 25 years: wall-to-wall hubris. So, allow me to throw two more tires on this fire: "The curious task of economics is to demonstrate
2. 2.▲
   by tw25550443 6y ago

   > Central banks may issue cash but banks can issue credit based on someone else's debts. If you mean deposits , then you're describing fractional reserve banking, and the central bank sets the reserve ratio for those commercia
3. 3.▲
   by tw25550443 6y ago

   > increasing the money supply steals money (the value of money) from everyone's checking account over the long term. It's worse than that. If inflation was uniform and instantaneous, expanding the money supply would just result
4. 4.▲
   by tw25550443 6y ago

   > money is fundamentally information No, prices are information. Money is a unit of measure. Fucking around with money results in misinformation.