4 ms·
I never thought of inflation in that way. That's rather interesting. I guess a simple way of describing this would be to say that if you are the sole printer of
by oakwhiz 13y ago
I never thought of inflation in that way. That's rather interesting. I guess a simple way of describing this would be to say that if you are the sole printer of money, and existing money becomes worth less over time, then you can simply continue to print more money every year in order to cement yourself as the person with the most money.
- oakwhiz 13y agoTo elaborate... I suppose it's more about being the person with the most wealth, and you are actually causing a net motion of wealth away from everyone's pockets and toward yourself.
- tokenizer 13y ago> existing money becomes worth less over time, then you can simply continue to print more money Only, the act of printing more money. deepens the problem of your currency losing value. The US thinks it's impervious to inflation, but many including myself see it simply postponing the inflationary event, which will most likely coincide with a currency crisis.