According to recent inflation data, we didn’t produce enough goods and services to offset the effects of rapidly expanding the money supply. It’s almost as though it’s faster to loan money into existence than it is to make things…
Who would’ve thought?
At least central banks can still demonetize cash and impose CBDCs to shield its member banks against runs!
This is EPISODE 922 of So to Speak w/ Jared Howe!
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