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> That's a very narrow view of inflation. It's the only correct one. For proof, consider the inflation that happened when Spain looted gold from S. America, th
by WalterBright 2mo ago
> That's a very narrow view of inflation.
It's the only correct one. For proof, consider the inflation that happened when Spain looted gold from S. America, then during the California Gold Rush, then the Yukon Gold Rush.
All driven by an increase in the supply of money.
- gchamonlive 2mo agoSo you are applying economic dynamics from the... gold rush to the modern era? You do realise gold isn't the base value for dollar since 1933 at least.