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View Diary: Coin Seigniorage and Inflation (34 comments)

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  •  Seems to me (2+ / 0-)
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    psyched, Calgacus

    that we've had a never-ending cycle of money creation since the beginning of the Republic. So what? Also, you've not laid out how creating and depositing the electronic credits by using PPCS would result in a collapse of the world economy. The causal chains and feedback loops are not trivial here, and you've not specified them. So, why should anyone give your view any credence. Personally, I think what will happen is that when the US uses PPCS to spend on the things we need to do to solve our various problems, the increased growth of our economy and the real wealth produced will increase the value of USD. That's what's happened in the past. Why should it be different now?

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