Re:Break Up The Elite College Seats Cartel
by AlbertCory on Thursday June 02, 2022 @12:10PM
(#31596671)
.. and I suppose you're an adherent of MMT? [1]
Unfortunately for you, "printing money" is a meme that sticks.
[1] Magical Monetary Thinking
So are home mortgages. So is giving your brother $200 to make rent. So is buying the AR-15 you've been saving for. The money supply is elastic, and responds to economic activity. Harnessing that truth as an engine of growth is the fundamental insight of modern economics.[1]
The contention upthread was some ridiculous hyperbole about "minting dollars out of thin air", and the truth is that... nothing of the sort is happening. At all.
[1] And by extension, arguing against it piecewise like this is tantamount to demanding we all go back to a barter economy backed by hoarded treasure.