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| Topic | Stimulus checks and boosted unemployment are bad for the lower and middle class |
| ssjevot 07/21/20 8:23:16 PM #58: | An increase in the money supply does not necessarily mean an increase in inflation. The Japanese yen is worth over 4 times as much now as it was at the height of their economic growth in the 80s despite the supply being much larger and their economy being much weaker. A fiat currencies value is determined by many factors, but centrally revolves around faith in that currency, it's only worth something because people believe it is, it's faith based, all scarcity and value is artificial, without a government it's useless. So when you hear about an increase in the money supply you can't simply conclude that means inflation increases proportionally. It's not a simple rational equation like that. --- Favorite Games: BlazBlue: Central Fiction, Street Fighter III: Third Strike, Bayonetta, Bloodborne thats a username you habe - chuckyhacksss ... Copied to Clipboard! |
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