The Archivist
15 June 2023 · 20:16 UTC

Long periods of cheap money lead to long periods of expensive money (higher interest rates), to curb the…

Long periods of cheap money lead to long periods of expensive money (higher interest rates), to curb the inflation caused by the cheap money. We could just regulate our society, but that would upset the fantasy of a self-governing economy regulated only by the price of money. https://t.co/XIEsKtqY5T
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