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I'm referring to price inflation. You seem to be referring to monetary inflation. Less dollar use will lead to fewer dollar equivalents in circulation, but pric
by natrius 13y ago
I'm referring to price inflation. You seem to be referring to monetary inflation. Less dollar use will lead to fewer dollar equivalents in circulation, but prices in dollars will go up because people will value them less.
- slurry 13y agoOkay, sure. In your (imho wildly implausible) scenario, the transaction costs of doing business in dollars would rise and consumers would pay an increasingly steep premium for using them. Don't really have an argument with that logic.