3 ms·
If everyone's wealth increased by $10 because they produced $10, the price of a loaf doesn't magically become $100. You're mixing up monetary policy with macro
by cerved 5y ago
If everyone's wealth increased by $10 because they produced $10, the price of a loaf doesn't magically become $100.
You're mixing up monetary policy with macroeconomics. Though often correlated to a degree, they are not the same. The Weimar republic adding zeroes to the DM is not the same as wage increase due to economic growth