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A comment on Money Creation: 70% in the Last 12mo (Fed, M1, $). Parent comment

Re:Money Creation: 70% in the Last 12mo (Fed, M1, $) by bitxbitxbitcoin on Monday January 18, 2021 @09:07PM (#25829145)
Continuing the analogy: Those coins used to be pure precious metals but whenever a king needed to coin more moneys than precious metals he could afford, he would engage in "money creation" by turning up the percentage of some non-precious metal.

Same strategy, different execution.

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