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by chrisseaton
1929 days ago
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> OK. So what are the limiting principles for money creation? If you gave everyone a million dollars would they all be able to buy a million dollar home? No? Why do you think not? Because the price of million dollar homes would go up because everyone would now be able to bid for them. You can literally give everyone a million dollars, but you won't be giving them a million dollars of purchasing power relative to before you gave them the money. |
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Is the line $8 trillion? $25T? $50T?