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fiscal+monetary is like a 2-legged stool. The reason it has stayed stable is that people tend to overlook an invisible 3rd leg: a tech abundance leg that makes deficit economics possible: oil until ~1974, semiconductors after that... creates hidden gdp to balance the growth...
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If they printed no money and we had a fixed amount of dollars, we would see massive deflation with tech, and the market would have to lower prices and thus wages constantly to keep up with increased efficiency. We may see this with Bitcoin if adopted.