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by JumpCrisscross
857 days ago
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> dollar is a debt instrument, there is always more owed than there are dollars in existence This is wrong. Debt is regularly asymmetrically destroyed, we call it restructuring. And when a debt is destroyed we don’t destroy the correspondingly-created money. (Money is destroyed via separate mechanisms.) That said, I suppose it’s neat seeing the gold bugs coming back on the crypto promoters [1]. [1] https://goldsilver.com/about-mike-maloney/ |
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