@[email protected] to Lemmy [email protected] • 24 days agoInflation?i.ibb.coimagemessage-square85fedilinkarrow-up11.35Karrow-down145
arrow-up11.3Karrow-down1imageInflation?i.ibb.co@[email protected] to Lemmy [email protected] • 24 days agomessage-square85fedilink
minus-square@[email protected]linkfedilink-2•24 days agoNobody said US debt, it’s USD debt, this is basic international economics knowledge. Inflation is the loss of purchasing power of money, not somebody raising prices. Inflating the money supply leads to loss of purchasing power.
minus-square@[email protected]linkfedilink-1•edit-224 days agoInflating money only loses purchasing power if it’s tied to the value of something else as I originally said. That was literally my original point. And what do you mean by USD debt?
minus-square@[email protected]linkfedilink1•24 days agoMoney is always tied to the value of things, so according to you inflating the money supply always leads to money losing purchasing power. Debt denominated in USD
Nobody said US debt, it’s USD debt, this is basic international economics knowledge.
Inflation is the loss of purchasing power of money, not somebody raising prices. Inflating the money supply leads to loss of purchasing power.
Inflating money only loses purchasing power if it’s tied to the value of something else as I originally said. That was literally my original point.
And what do you mean by USD debt?
Money is always tied to the value of things, so according to you inflating the money supply always leads to money losing purchasing power.
Debt denominated in USD