Moldbug is literally the libertarian who stopped believing that QE causes inflation because "Duh", i.e. he doesn't understand why but was humiliated into accepting this. This is the only explanation for his idea of monetizing the stock market.
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In QE money is created but doesn't rly chase goods, as it's largely kept in a financial loop. In government spending money is increased but goods are too. But if all equities are converted to cash with no concomitant increase in production? That is a seismic inflationary shift
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