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Re:Federal Reserve to increase interest rates by 75 basis po... by hot_gril on Wednesday September 21, 2022 @03:50PM (#32930598)
The money supply has been steadily but quickly increasing for decades now. That can't be a result of fractional reserve banking alone. When I say the Fed creates money, I'm referring to the virtual printing.
Re:Federal Reserve to increase interest rates by 75 basis po... by qeternity on Wednesday September 21, 2022 @05:42PM (#32931900)
The supply of money has been increasing since the invention of money. Humankind would be incredibly resource constrained otherwise.
Re:Federal Reserve to increase interest rates by 75 basis po... by hot_gril on Wednesday September 21, 2022 @06:29PM (#32932432)
Money used to just be precious metal or correspond to it, so no this isn't how it's been from the start.

Why resource-constrained? It's money, not something with utility. In any expanding economy, you generally get more buying power spending later rather than now, regardless of changes in money supply. Only if the currency is being diluted too much, you have to park your savings in something scarce instead, like land or low-risk stocks. It's not all that different from just using a fixed supply of currency (I'm not counting lending as creating money; it's not the same thing).