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Sioux County, NWIA | I’m not thinking bank money as it isn’t “permanent” money. And I’m interested not only in the current system but also how things were done historically.
"Not increasing the vertical money supply results in the expansion of the horizontal money supply until the point the private sector runs out of credit then a recession happens until vertical money creation resumes. This experiment has been run. “
I would consider this short term consequences, what would be the long term result? | |
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MMT
