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Inflation is here regardless whether PAP gives the vouchers. At least PAP is helping sinkies cushion the effects of inflation without bankrupting the reserves.
What is it about??? Isn't this currency debasement??? Increasing the money supply = devaluing my savings and your savings (if one can understand the illusion of elastic currency that is). Isn't this as good as taking my money and then ring fence around it and put rules as to where I can spend my own money???
M3 Money Supply (July 2021) = 723,173.1 Mil
M3 Money Supply (Nov 2023) = 794,940.4 Mil
Increased: 74,767 Mil (10.338% Increased)