• Bgugi@lemmy.world
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    1 year ago

    Money is not free. The cost of new money is devaluation of old money.

    • unfreeradical@lemmy.world
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      1 year ago

      Devaluation is not a cost.

      It is, however, a consequence of expanding the money supply.

      In turn, however, expansion of supply is not a threat, because of the various capacities for the government to withdraw money, as through taxation, or central bank policy.