pull down to refresh

42 sats \ 2 replies \ @0xbitcoiner OP 23 Sep \ parent \ on: Inflation | Hidden Tax That Favors The Rich & Those Closer To The Money Printer econ
If I'm getting this right, the correct phrase would be, debasement and the consequential price Inflation ... ?
write
preview
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.)
reply
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.
reply