If a country can print its own money with a public central bank , inflation is a possibility if the leaders of the Nation are not serious in theirs tasks , and want to increase money supply for personal purposes.
But, if a State has a private central bank (like the Federal Reserve in USA) , and borrows its own money ….. !!! The interest rates BECOME the excessive money supply …. Not created by wealth or by "money printers" !!!
Both cases, money supply is increasing ….. and inflation is unavoidable.
Both cases, money supply is increasing ….. and inflation is unavoidable.
No comments:
Post a Comment