Open the gate.. welcome to this dimension..
I usually like Peter's articles but I'm not sure what the point of this one is.. it doesn't seem to really elucidate anything.
We've probably all become aware of the whole 'creation of sovereign currency out of thin air' thing, especially during the GFC and COVID.
But coins and notes seem such a small drop in the ocean (the RBA is estimated to have added circa 600 BILLION $A to their ledgers in 2020, an action which is literally adding some numbers in a computer database) that why we would care about a few 10's of billions of dollars here and there for physical currency is a bit beyond me ..
Buggered if I know 😛
The government makes millions of dollars every year printing money. Here's why that might be about to change