3 ms·
My understanding is that money doesnt become worthless (inflation) so long as there is excess capacity. If a bag maker has 10 excess capacity at the $100 price
by maerF0x0 10y ago
My understanding is that money doesnt become worthless (inflation) so long as there is excess capacity. If a bag maker has 10 excess capacity at the $100 price mark, then the first 10 customers will not cause any inflation. Clearly there will be some inflation with BI as previously nonparticipants in a market begin to participate (homeless begin to rent for example).