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Re:Debt Worldwide Hits Record $86k per Person by weberc2 on Saturday December 15, 2018 @09:06AM (#18688422)
What is the relationship to money and wealth or money and productivity? Surely we wouldn’t say that incurring debt increases wealth and paying debt destroys it? Also, does “creating money” via incurring debt drive inflation (more money in the system)?
Re:Debt Worldwide Hits Record $86k per Person by anonymouzz on Saturday December 15, 2018 @11:43AM (#18689075)
My view on this is that wealth is something real that actually impacts people's lives. At the same time money is not, it's the story told around wealth so that we can all agree on how one "wealth" compares to another. The goal is to not let this story go wild (e.g. into super-inflation) so that people don't lose trust in money.

Keeping those two in check is the main goal of any central bank, ever since the gold standard was generally abandoned and money became entirely abstract. In my opinion no one really knows how to do it (although it's been okay-ish so far), the FED for example often uses national unemployment rate to decide how much dollars should be thrown at the system.