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In practice, inflation of an asset class like art always leaks out into the general economy, but let's say the dollars that go into art stay in art and never le
by danieltillett 7y ago
In practice, inflation of an asset class like art always leaks out into the general economy, but let's say the dollars that go into art stay in art and never leave. This is equivalent to just pulling the dollars out of the economy which is deflationary. In an economy where new dollars can be created at will the dollars removed will be replaced by new government dollars and spent.