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> This in turn decreases the relative purchasing power of a dollar. you're again conflating price and monetary inflation. and again mixing in somebody else's p
by mr_spothawk 5y ago
> This in turn decreases the relative purchasing power of a dollar.
you're again conflating price and monetary inflation. and again mixing in somebody else's prejoratives to flavor your discussion of their topics.
here's a link [1]
[1] https://mises.org/library/inflation https://mises.org/library/inflation
- arcticbull 5y agoNo, I'm not. The idea that supply increase is inflation is a rejected Austrian economics concept with no basis in reality.
- mr_spothawk 5y agoYes you are. Watch how i can simplify it for you... > The idea that inflation is anything other than an increase in the supply of money is an intentionally confounding theoretical device with no basis in reality.
- arcticbull 5y agoI mean it's straight-up wrong. The M2 supply in Japan tripled since 1990 and prices remained the same. Therefore your model is incomplete. If you have 1 burger that you'd pay $10 for, and someone makes a second burger, does that make each one worth $5? No, of course not.