It's not just the printing of currency - but any promissory note (written or vocal) that increases the money supply by the amount promised.
The money supply shrinks when debt is paid off.
This is why those wanting all debt to be paid off doing understand that they would starve as a result - since the money supply would go to $0.
The money supply shrinks when debt is paid off.
This is why those wanting all debt to be paid off doing understand that they would starve as a result - since the money supply would go to $0.
That doesn’t make sense. You make thee case that inflation is a good thing.
And if you paid all the debt off in the world there would be no banks, and money per unit would be worth more as the scarcity produced by paying off debt would increase the unit value of the currency, to the point it would realize it’s true un inflated value, but it would never go to “0”.
You sound more John Maynard Keynes than Ludwig Von Mises.