Money printing causes inflation

Then there's nothing in the imaginary safe anyway.

People really don't understand inflation nor that the Great Depression was the result of not enough inflation. If your population and resultant economy grows you need more money to go around. This is why debt (i.e., inflation through money creation) to GDP is all that matters, not total debt.

It is conspiratorial dimwittism to believe that central banks exist to eat away the value of your money and steal your wealth. You can't perfectly expand the money supply but you need to or else you get the 1930s. The Great Depression was the result of not enough money chasing too many goods, too much production and not enough balanced currency to purchase it.

Yes, there was speculation and malinvestment but that's not the cause of the depression. Notice that we didn't have another depression in 2009.

The best thing that central bankers can do for the world is to avoid such crises by providing the economy with, in Milton Friedman's words, a "stable monetary background"--for example as reflected in low and stable inflation.

Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You're right, we did it. We're very sorry. But thanks to you, we won't do it again. https://www.federalreserve.gov/boarddocs/speeches/2002/20021108/default.htm

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