“There can be no such thing as a shortage of money or a shortage of credit. Whatever supply of money an economy is using is always sufficient to supply all the needs of the economy, provided the money itself is divisible enough. The demand for money is always higher than the supply, because people desire more things than they produce and because desiring is far easier than producing. In the fiat standard, it appears that these desires can be satisfied with more money, but the creation of money to meet these desires does nothing to produce the objects of desire. The sought-after good can only be created by dedicating scarce resources to its production.”
— The Fiat Standard: The Debt Slavery Alternative to Human Civilization by #SaifedeanAmmous