Comment on This sign says it all.
Not_Alec_Baldwin@lemmy.world 10 months agoAs far as I understand that’s the definition of fungibility, right? Every dollar is interchangeable and identical?
So there’s no functional difference between deleting $1 and creating $1 except semantics, compared to moving $1, as long as the total value doesn’t change.
The government just deleting money and printing money to pay for whatever it wants suggests that those things aren’t equal, which would be the problem if it were true.
stevehobbes@lemmy.world 10 months ago
That’s what causes inflation. When you print more than you delete, at a rate faster than total economic growth.