this post was submitted on 22 Sep 2023
72 points (81.6% liked)

Work Reform

9463 readers
286 users here now

A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

Our Goals

founded 1 year ago
MODERATORS
 

A video explaining modern monetary theory and how with a little Marxism it can benefit everyone.

you are viewing a single comment's thread
view the rest of the comments
[–] unfreeradical@lemmy.world 2 points 9 months ago* (last edited 9 months ago)

The term limit is used in mathematics differently from how you are understanding it from vernacular usage. A mathematical limit expresses directionality toward an unreachable value.

The meaning of the statement is that every marginal augmentation of the money supply carries some marginal diminution of the currency value, without any possibility that the supply may be exhausted absolutely or the value annihilated.