Today’s economic tips:
The term “printing money” is an anachronism from the gold standard era.
When ppl say “printing money” now they mean running deficits w/o issuing Govt bonds.
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The term “printing money” is an anachronism from the gold standard era.
When ppl say “printing money” now they mean running deficits w/o issuing Govt bonds.
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There’s no reason why issuing bonds when running deficits would b any more or less inflationary than not doing so.
I.e. “printing money” does not *in itself* cause inflation.
I.e. “printing money” does not *in itself* cause inflation.
Btw. Academics call this “overt money financing”.
Whoever uses the term “printing money” is generally seeking to generate an emotional response in others.
Whoever uses the term “printing money” is generally seeking to generate an emotional response in others.
