All of Tiltmom's Comments + Replies

In response to your bullet points in (1):

This can be simplified further by eliminating the printing/burning and foreign exchange buying and selling. Take those steps away and the effect is to tax the rich and give the money to the poor. And, yes, the government can do that.

But, it is not the same as foreigners buying schillings and giving the money to the poor. You recognize that buying schillings means more schillings (inflation). But, what is forgotten is what happens to the foreign exchange that is used to buy the schillings? If the schillings were fre... (read more)