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stvltvsyesterday at 7:13 PM1 replyview on HN

You print more money. The only limit is the inflation you create.


Replies

anonymarsyesterday at 9:50 PM

Not to disagree with the overall point, but because this comes up a lot I'll nitpick it: issuing debt is not the same as printing money

With debt, along with the proverbial "cash" comes an opposing "IOU" -- any change* is thus only temporary, in the time dimension (essentially that's what's being exchanged: time)

Printing money out of nowhere is different, because it's missing that other half

* at the risk of stating the obvious: "change" meaning "difference" and not "cents"

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