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Money is a tool we use to facilitate trade. Price assignation has been distorted by "corrective action." Traditionally, bonds would be purchased as a hedge/gu

Money is a tool we use to facilitate trade. Price assignation has been distorted by "corrective action." Traditionally, bonds would be purchased as a hedge/guarantee of future value, and not to be charged a loss of that value instead. Anecdotally, I am slowly raising my service prices as my costs rise. To me, this is evidence that my dollar (I'm in the US) is not going as far as it used to. And yet costs in a healthy financial system should normally be driven down, by typical Austrian Economic thinking. As I posted elsewhere, my observations are for a different time scale than bonds are usually measured against. Sorry for the confusion. :) I have been spending too much time thinking macro...

benj111 7y ago
"Anecdotally, I am slowly raising my service prices as my costs rise. To me, this is evidence that my dollar (I'm in the US) is not going as far as it used to. And yet costs in a healthy financial system should normally be driven down, by typical Austrian Economic thinking" I don't think that's correct. You're referring to competition and efficiencies, not inflation. "The Austrian school believes any increase in the money supply not supported by an increase in the production of goods and services leads to an increase in prices" https://www.investopedia.com/articles/economics/09/austrian-school-of-economics.asp https://www.investopedia.com/articles/economics/09/austrian-...