This misses the role of private banks in creating currency. Every time they issue debt the amount of circulating currency goes up by an identical quantity.
Yup! When large nominal price increases finally hit, we’ll be able to blame the shorts!
This misses the role of private banks in creating currency. Every time they issue debt the amount of circulating currency goes up by an identical quantity.
Yup! When large nominal price increases finally hit, we’ll be able to blame the shorts!