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[–] prairie 0 points 6 points (+6|-0) ago  (edited ago)

Even if it were it wouldn't make everyone rich. See; helicopter money. Money is just a way of allocating limited resources. There isn't enough of everything that people would buy if they had $1M.

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[–] AgentHitler 0 points 2 points (+2|-0) ago 

You’re talking about inflation.

What stupid people don’t understand is that if everyone had $1M, then bread suddenly would cost $100/loaf. Purchasing power is the true measure of wealth.

The crux, and the reason why govts love to print money, is that it takes a while for inflation to hit goods and services. So the people that print the money are the ones who get to immediately take advantage of it, at the current prices. Average people wouldn’t get that luxury. It’s designed that way.

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[–] prairie ago 

We're talking about the same thing. Inflation of the money supply inflates prices eventually, but delayed as you say. The counterfeiter gets the full uninflated value when they spend, but that can't last.