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Interesting point, and you're right: I was only considering printed money!
by valtron 13y ago
Interesting point, and you're right: I was only considering printed money!
- nhaehnle 13y agoExactly. And even with printed money, one could reasonably argue that the fact that money is printed centrally is irrelevant for the behavior of the economy. After all, central banks typically just react to the demand for physical money that they observe via the requests that come from banks.