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Conjuring money out of nowhere - the plain speak version of the economists "quantitative easing" has one effect, which is to reduce the value of each unit of the fiat currency, effectively stealing wealth. Increasing the money supply when there is no matching increase in demand for goods and services is a surefire way to bring about runaway inflation.
huckteeper 2 years ago
@huckteeper "Surefire".
Myndir 1 year ago