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I think what the parent was referring to was that a universal increase of money supply basically leads to inflation. I think. I'd welcome any clarification to
by swsieber 11y ago
I think what the parent was referring to was that a universal increase of money supply basically leads to inflation.
I think. I'd welcome any clarification to my attempted summary.
- VincentEvans 11y agoYes, but i don't know whether what i observer is your standard "typical economic inflation" or some very particular phenomenon targeting the poor. A disabled relative of mine is considering signing with Uber to lease their car (did you know Uber leases?) to make some money. After paying for gas and insurance - he is literally working slave wage. I thought this is relevant somehow.
- theseatoms 11y agoIf the prices of goods and services rise, and their quality does not change, then yes that's inflation. But the quality of goods/services delivered should go up. (That's the point.)