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Patricia Aas (@Patricia) · 11/2022 · Tröts: 5.823 · Folger: 4.846
Sa 06.07.2024 22:23
84/ Ok, chapter 4 “Their red ink, is our black ink”. I think it was Keen in one of his podcast episodes who said something that I hadn’t considered. From memory: as a country’s economy grows, whatever that means, the money supply would need to grow too.
Looking at population growth alone that makes sense to me. And that means that my mental model of a fixed “amount of money we have” isn’t correct. It would, at least over longer periods of time, need to be elastic in some way. And I can’t see how that could be a global zero sum game either, since many countries that were poor a century ago, and are still poor today, often still have a “bigger” economy than they did a century earlier.
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