Money Creation in the Modern Economy

Re:Money Creation in the Modern Economy by medion on Sunday January 15, 2023 @02:45AM (#34387551)

Out of curiosity, can you wax lyrical a bit more on construction? I’m about to build a house but I’m considering holding off for 12 months to see what happens with materials prices. Particularly steel. Not too concerned about contractors as I am building myself.

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Re:Money Creation in the Modern Economy by giardia on Sunday January 15, 2023 @03:35AM (#34387827)

Interest rates go up, money is harder to come by, people are building less since they can't get a loan, contractors find other work until construction picks back up.

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Re:Money Creation in the Modern Economy by medion on Sunday January 15, 2023 @03:49AM (#34387898)

I understand this much. But, the world is pretty weird at the moment. It seems more complex now than just moving interest rate levers around to manipulate the economy.

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