A video explaining modern monetary theory and how with a little Marxism it can benefit everyone.

  • unfreeradical@lemmy.world
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    1 year ago

    The term limit is used in mathematics differently from how you are understanding it from vernacular usage. A mathematical limit expresses directionality toward an unreachable value.

    The meaning of the statement is that every marginal augmentation of the money supply carries some marginal diminution of the currency value, without any possibility that the supply may be exhausted absolutely or the value annihilated.