When central banks buy a security, they pay it with money they create out of thin air. There is more money in circulation, BUT NOT MORE GOODS AND SERVICES. That’s how they debase the currency, lower its purchasing power, and make you poorer.

Proof that there is always some politician who has integrity & is honest for the sake of the people. Great 2C he knows about fiat money.

When central banks buy a security, they pay it with money they create out of thin air.

There is more money in circulation, BUT NOT MORE GOODS AND SERVICES.

That’s how they debase the currency, lower its purchasing power, and make you poorer.https://t.co/JXEzHSvrS2

— Maxime Bernier (@MaximeBernier) March 25, 2020

h/t Canadians_4_Liberty