Mass Immigration as Human Quantitative Easing
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Date: August 3rd, 2024 2:56 PM Author: Thirsty Scourge Upon The Earth Rigpig
I don’t think this is correct because of the reasons presented in the top comment reply but good article
In general the weakness of the mass printing of modern monetary theory is inflation, which as that comment points out, is increased not decreased by immigration: more people competing for the same amount of goods drives prices up. The deflationary effect he describes doesn’t happen in practice. Handing out the “extra money” to more people doesn’t have any effect on demand
(http://www.autoadmit.com/thread.php?thread_id=5568788&forum_id=2...id#47924626) |
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