EconomicPolicyJournal.com: What Does Money Printing Do To An

EconomicPolicyJournal.com: What Does Money Printing Do To An Economy?


Tuesday, December 29, 2020
 
My debate with Dominick Armentano continues.
Dominick writes:
I'm NOT calling for new money printing. I am making a classroom argument (not advocating a policy) that the new money to the gym owner increased SUPPLY (not demand as you assert) and arrived without any "crowding out" since neither prices nor interest rates riseRW response:
I am confused here. If there is no money printing, where is the new money coming from, even if this just is a "classroom argument"? What is the purpose of this "classroom argument" if not to understand policy options? How can we understand options if a key factor, that new money has to come from somewhere, is not considered?

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