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This post makes no sense. "Inflation" is an increase in the price of goods; this definition is both prescreptive and how inflation is actually measured. Since a
by Analemma_ 9y ago
This post makes no sense. "Inflation" is an increase in the price of goods; this definition is both prescreptive and how inflation is actually measured. Since all the goods you can buy with cryptocurrency peg their prices to fiat, it's meaningless to talk about BTC/ETH inflation as a thing distinct from their exchange rates with the dollar, and that will continue to be true until a cryptocurrency economy develops that is not pegged to the dollar.
- rothbardrand 9y agoFalse. Inflation is as an economic term, the issuance of currency. Pretending like it's a measure of the price of goods is a political (not economics) tactic used by governments to obscure it-- because the price of goods are affected by other things--like increases in productivity, lower cost goods from overseas and the like.
- bpicolo 9y ago> In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. Currency issuance is related. Is not the same thing