When Does 'Bad' Money Become 'Good' Bonds?

Created
Sun, 08/12/2024 - 22:16
Updated
Sun, 08/12/2024 - 22:16
Why is printing money reckless, but issuing bonds prudent? Both rely on government-created money, yet bonds are respected while monetary financing is demonised. Is it logic—or just tradition—driving this narrative?