Hacker News new | ask | show | jobs
by rumcajz 5127 days ago
AFAIU the idea is that by printing money you basically take the money stuffed into matresses and give them to the disposal of the state. The question, of course, is whether the state is able to use them in such a way as to make them flow rather than get stuck once again.
1 comments

Printing money means inflation and inflation is bad for debt owners (unless the debt is in another currency) and indeed also for "matresses".
But inflation is good for debtors themselves, and debt-made money eventually requires some inflation to make the debt load maintainable.