I believe the idea is to raise interest rates so people will hoard more money re... | Hacker News

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thekyle on Jan 19, 2021 | parent | context | favorite | on: Money Creation: 70% in the Last 12mo (Fed, M1, $)

I believe the idea is to raise interest rates so people will hoard more money reducing the supply in circulation.

dnautics on Jan 19, 2021 [–]

That won't reduce the supply, it will slow the expansion of supply, unless bankruptcies go into a chain reaction.

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