2 ms·
Your previous post claims that guaranteed minimum income may cause inflation. I replied with a quote that inflation is always and everywhere caused by monetary
by alexeisadeski3 13y ago
Your previous post claims that guaranteed minimum income may cause inflation. I replied with a quote that inflation is always and everywhere caused by monetary changes.
My point thus being that a guaranteed minimum income would not cause inflation.
Prices change in response to market forces, yes.
But micro price changes are not inflation.
Inflation is a macro level phenomenon, caused "always and everywhere" by monetary changes (debasement etc).