r2k-in-the-vortex t1_j28zbrk wrote
Printing money doesn't create value, it merely redistributes it. So to a limit printing money works as a tax on owning currency, but of course if that tax burden is too high then people will rather not own that currency and strive to exchange it for anything else they can. That's how you get hyperinflation and you can't print yourself out of that one because there is no value left to redistribute.
Viewing a single comment thread. View all comments