1.) If you think fiat money is too abundant now, just wait …

Twetch · August 4, 2020

1.) If you think fiat money is too abundant now, just wait until it gets scarce. When the depreciation of the value of existing stock is larger than the value of new issuance, that's when clamoring demands for new issuance get louder.

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Twetch · August 4, 2020

2.) The new money that is to exchange for products and services can purchase an ever smaller amount. The population experiences a "shortage of money", while in fact the money supply is inflating exponentially. It is the embodiment of all economic horrors.

Twetch · August 4, 2020

3.) On a side note, I think this effect is why nations end up with heaps of paper money in the streets. It's not calculated evil; those printing are pressured to do something about the "shortage of money". And the more they print, the bigger the shortage.