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The value of fiat currency is roughly money supply divided by economic output. If the numerator rises faster than the denominator, well... Obviously it's a mor
by selectodude 4y ago
The value of fiat currency is roughly money supply divided by economic output. If the numerator rises faster than the denominator, well...
Obviously it's a more complicated than that, especially in the context of the US Dollar, but for smaller countries it's pretty basic stuff.