The basic of Econ 101 that some Thai politicians who claimed themself have learnt economics has forgotten, is everything has constrains in short-run.

If We added more money supply and quantity of product do not increase in the same level of supply of money has risen then We have to face the inflation problem.

PS, income growth from the rising price effect when added more money supply does not have any benefit to the economy. It will activate the vicious cycle (wages-prices spiral) to continue forever.

Thus, We have to use #Bitcoin as Money, Not a shitcoin in the Digital Wallet of Pheu Thai (PT party) policy.

#Econ101 #SiamStr

Reply to this note

Please Login to reply.

Discussion

No replies yet.