The Sleight Doctor 🃏🍉 on Nostr: For once, we somewhat disagree! The monetarist view that expanding the money supply ...

For once, we somewhat disagree! The monetarist view that expanding the money supply is always inflationary is overly simplistic: in order for there to be runaway inflation, there has to be too many pounds sterling chasing too fews goods and services. In other words, where there is unused 👉🏼productive capacity👈🏼 in your economy, national spending can't add to inflation. If we have the raw materials, willing and able workforce, ecological space etc., we can always afford it.