this post was submitted on 22 Sep 2023
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Work Reform

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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.

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

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[–] unfreeradical@lemmy.world 2 points 1 year ago* (last edited 1 year 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.