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In the financial world, companies issue new shares only if it results in some kind of value creation; this is a basic principle of corporate finance that Bolton and Huang argue can be applied to monetary economics. When the government increases the money supply to finance positive net value investments—when it prints money to keep the economy going—it increases output, not inflation. The effect of increasing money supply depends on how money enters the system and what the money buys. The principles outlined by Bolton and Huang shed new light on a range of issues, including inflation, monetary and fiscal policy, central banking, money and growth, and the international monetary system.
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Creators
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Publisher
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Release date
January 30, 2025 -
Formats
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OverDrive Listen audiobook
- ISBN: 9781663733559
- File size: 340187 KB
- Duration: 11:48:42
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Languages
- English
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