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To: PGR88
more rapid increase in the quantity of money than in output...

Of course, Milton meant 'debt' when he said 'money'. Dollars are debt. M2 is debt, for the most part - 99% of it.

https://www.usdebtclock.org/

16 posted on 06/03/2022 12:46:44 PM PDT by C210N (Everything will be okay in the end. If it’s not okay, it’s not the end.)
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To: C210N

“Of course, Milton meant ‘debt’ when he said ‘money’. Dollars are debt. M2 is debt, for the most part - 99% of it.”

No. That’s just you linking his name to the credit theory of money, which if anything is connected to Modern Modern Theory and not the Monetarism that he’s famous for.


68 posted on 06/03/2022 2:46:37 PM PDT by Pelham (World War III is entering on cat's feet.)
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