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Openai/69401093-f800-800a-94fc-a5d69db9f764
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===== 2.3 政府通貨発行(円を増やす)の意味 ===== 「増やせばいい」という直感は、名目制約(円という通貨を政府・中銀が供給できるか)だけを見れば、その方向性自体は成立します。 しかし本質はそこではなく、次の実物制約で上限が決まります。 * インフレ:供給能力(モノ・サービス・人手)が追いつかないまま需要だけ増えると物価が上がる * 為替:円安が進むと輸入コスト(エネルギー・食)が上がり、生活コストが上がる * ボトルネック:医療・介護・建設・電力・物流などが詰まると、追加の需要が“価格上昇”に化けやすい したがって「財源がー」への厳密な返しは、 財源(名目)ではなく、インフレと供給制約(実物)が上限であり、そこを管理できる設計になっているかが論点 に置き換えることです。
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