Comment by nixon_why69
5 hours ago
No, it's literally just bitflips. The supply of dollars increases by trillions a year between fractional reserve banking and, depending on the year, fed policy. We're not even printing them.
5 hours ago
No, it's literally just bitflips. The supply of dollars increases by trillions a year between fractional reserve banking and, depending on the year, fed policy. We're not even printing them.
Indeed. And according to MMT what that does is claim economic output for the government (work resources etc), without direct taxation.