143. Macro Myths with Coinbits' Rowais Hanna
The Bitcoin Standard Podcast
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Printing Money Doesn't Work Because It Only Does Inflation
If the central bank prints money and hands it out, yes, it does lead to aggregate expenditure increasing. But if people become wise to this trick, then they're just going to adjust their prices to essentially negate the impact of this inflationary monetary policy. And so because they expect inflation to happen, then that is going to annul the impact of it. So obviously it's completely ridiculous. It's not because of inflation that it doesn't work. You can't make economic production happen by printing more money. We don't live in a bizarre Keynesian world of insane lunatics where physical reality doesn't matter. The beatings will continue until you believe that the beatings will
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