Cory Doctorow@rvkennedy @shiri @funcrunch @JorgeStolfi @kcoyle @immibis
Governments can and do issue currency without issuing corresponding liabilities. Selling bonds is just a crude way of constraining demand (by sequestering money) that might otherwise be created by currency issuance. But if a central bank anticipates an expansion in the goods and services for sale in its currency, there is no need to constrain demand.
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