Re:Preindustrial workers worked fewer hours than today's (2009)
by xyzzyz on Thursday August 22, 2019 @04:33PM
(#20772105)
To address positive rights - societies don't just "run out" of money. As has been repeated a million times, a country with a sovereign currency is not run like a household budget.
Sure, a country with a sovereign currency can create as much currency as they wish. They can never "run out" of money, literally. Practically, though, creating more currency doesn't result in more products being made and services being performed. Most countries are aiming for their currency to hold its real value relatively steady in accord with its nominal value, and you cannot do that if you create more money whenever you "run out" of it. So yes, countries cannot "run out" of money literally, but practically they can and do.
Sure, a country with a sovereign currency can create as much currency as they wish. They can never "run out" of money, literally. Practically, though, creating more currency doesn't result in more products being made and services being performed. Most countries are aiming for their currency to hold its real value relatively steady in accord with its nominal value, and you cannot do that if you create more money whenever you "run out" of it. So yes, countries cannot "run out" of money literally, but practically they can and do.