blueshoyru on Nostr: After massive credit creation in the economy comes one of two things: 1. Continued ...
After massive credit creation in the economy comes one of two things:
1. Continued expansion of credit creation backstopped by government liquidity
2. A deflationary collapse as violent as the credit creation
Credit is temporary money, it is up to the monetary issuer whether or not that becomes more permanent money through money creation
Published at
2023-04-13 11:37:19Event JSON
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"content": "After massive credit creation in the economy comes one of two things: \n1. Continued expansion of credit creation backstopped by government liquidity\n2. A deflationary collapse as violent as the credit creation \n\nCredit is temporary money, it is up to the monetary issuer whether or not that becomes more permanent money through money creation",
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