Cory Doctorow on Nostr: This is fine if the economy has contracted overall, but if the economy stayed ...
This is fine if the economy has contracted overall, but if the economy stayed constant or grew, that means there are fewer dollars chasing more goods and services, which leads to deflation and all kinds of toxic outcomes, like borrowing more bank-created money, which makes the finance sector richer and the real economy poorer.
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Published at
2023-11-01 16:25:06Event JSON
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