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42 sats \ 3 replies \ @Undisciplined 23 Sep \ on: Inflation | Hidden Tax That Favors The Rich & Those Closer To The Money Printer econ
Inflation and the consequential debasement...
That's an odd phrasing. Debasement isn't really a consequence of inflation, whether one is referring to monetary or price inflation.
"Debasement" is sort of a synonym for monetary inflation and price inflation is a consequence of debasement.
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42 sats \ 2 replies \ @0xbitcoiner OP 23 Sep
If I'm getting this right, the correct phrase would be, debasement and the consequential price Inflation ... ?
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42 sats \ 1 reply \ @SimpleStacker 23 Sep
Yes.
If I were to guess, the author is using the word "inflation" to mean "inflation of the money supply", i.e. printing money.
It is definitely confusing, because the word "inflation" can actually be used to refer to both (money supply inflation and price inflation.)
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30 sats \ 0 replies \ @Undisciplined 23 Sep
It's weird to refer to debasement as a consequence, though.
That's really a holdover from when commodity monies would be diluted with less valuable metals, which, if anything preceded additional issuance of money.
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