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That's true of pretty much everything though. The monetary value of a thing is definitionally how much money you can sell it for.
by mst 4y ago
That's true of pretty much everything though.
The monetary value of a thing is definitionally how much money you can sell it for.
- 7speter 4y agoBut i thought it was inflation that drove the price of everything up the last two years?
- puffoflogic 4y agoYes, good, you're getting there. Now... put them together... Inflation is driven by consumers having more money. This means that more can be charged for the same products and the consumers will begrudgingly pay. This means more will be charged. This is why giving ~50% of US net-taxpayers free cash caused inflation to spike.
- 7speter 4y agoRight, that's all the cause of 60% "inflation," I suppose.