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> It really hurts the people just getting started in the economy. Yes! A dollar is a good just like any other. If there is more of it, it is worth less. If yo
by revnode 6y ago
> It really hurts the people just getting started in the economy.
Yes!
A dollar is a good just like any other. If there is more of it, it is worth less. If you print more money, the dollars that people hold and have are worth less.
That said, the US has gotten away with printing dollars for a very long time with very little inflation in basic consumer goods. It seems to mostly end up in real estate, stocks, etc. where most are happy to see prices shoot up. Except, of course, those who are just getting started and can't afford to get in on the inflated prices.
- rolobio 6y agoAlso, because most of the currencies in the world are backed by dollars, we are inflating everyone else's currencies. So the US is able to offload it's inflation on the rest of the world. I doubt the world will take that much longer.
- wonderwonder 6y agoIssue is there is not really an alternative. What can they use except dollars? The euro? The yuan? I doubt they are going to go back to the gold standard.