The vast majority of dollars are created via private sector debt origination. Paying off debt & insolvency are both net dollar destructive. The end of a business cycle is defined by aggregate debt restructuring, reduction, and insolvency, which is in part why its deflationary.
— Travis.web1 (@coloradotravis) May 21, 2022
via Twitter https://twitter.com/coloradotravis
May 21, 2022 at 10:04PM
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