Printing large amounts of money out of thin air is a great way to turn a valuable currency into worthless Monopoly® money via inflation. That is basic economics. There are lots of examples for that in history.
Printing large amounts of money out of thin air is a great way to turn a valuable currency into worthless Monopoly® money via inflation. That is basic economics. There are lots of examples for that in history.
irmoz@reddthat.com 1 year ago
Inflation is not a guarantee, that depends on the actual economy. Japan is massively in deficit nd yet is seeing deflation.
DarkMetatron@feddit.de 1 year ago
Beeing deficit doesn’t have to mean that they print money, they can be deficit by taking higher and higher loans. Which comes with it’s own problems.
irmoz@reddthat.com 1 year ago
I didn’t say printing money.
DarkMetatron@feddit.de 1 year ago
Yes, but I did in the text that you answered too. By the law of inference your answer was about printing money too, because my whole text was about that printing money out of thin air will create inflation.