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Production can overcome monetary inflation. PCs don't cost $5,000 anymore even though there's more US Dollars circulating. Cities that gain many high earning j
by supertrope 4y ago
Production can overcome monetary inflation. PCs don't cost $5,000 anymore even though there's more US Dollars circulating.
Cities that gain many high earning jobs will see housing inflation even though employers do not create money. This is independent of national level monetary policy.