> If we could print money without backing it with something scarce like gold, guess what will happen?
We do. We adjust monetary supply for markets to be stable - money has been not backed by anything tangible for quite a while. Like with any proposed framework(also applies to monetary stuff) you find out how it affects outcomes and you adjust usage.
We do. We adjust monetary supply for markets to be stable - money has been not backed by anything tangible for quite a while. Like with any proposed framework(also applies to monetary stuff) you find out how it affects outcomes and you adjust usage.