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Maybe not to you, but every time the FED prints money, my dollars are worth less. From my POV they’re currently debasing the currency.
by MadSudaca 5y ago
Maybe not to you, but every time the FED prints money, my dollars are worth less. From my POV they’re currently debasing the currency.
- OscarCunningham 5y agoIn 2009 they printed money and dollars were worth more.
- MadSudaca 5y agoSo if printing makes dollars worth more, why stop? Or that effect only applied to 2009?
- arcticbull 5y agoBecause supply alone is not what defines the value of money. This is the concrete example of why Austrian economics is a wholly insufficient model.
- MadSudaca 5y agoI think the Austrian school explains quite well the phenomenon, like Newton’s Laws for dynamics.
- arcticbull 5y agoNow do Japan.
- arcticbull 5y agoIf you can buy the same amount with them, then they are demonstrably not worth less.