How to explain what consequences monetary expansion has?
Discussion
It’s diluting the value of money by watering it down.
Yes, but for people who don’t think that monetary expansion has any impact on inflation, this explanation is not enough I guess. Especially people that follow the MMT.
They might have to learn the hard way.
add ice cubes to a gin & tonic.. do not drink it.. add ice cubes for a few hours.. then ask your self.. is it still a full value gin&tonic?