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this post was submitted on 14 Feb 2024
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Modern economist thought: " We can't give people more money, because then things get expensive and then people can't afford them. If people don't get more money, things stay cheap and they can afford them"
Meets the question: "okay and what happens if unforeseen circumstances make things more expensive and capital then keeps the prices high on inelastic products?"
And answers: "We can't give people more money, because then things get expensive and then people can't afford them. If people don't get more money, things stay cheap and they can afford them