10 sats \ 1 reply \ @jk_14 OP 31 Jan 2023 \ parent \ on: There is no such thing as Gresham's Law... The proper name is: Copernicus' Law bitcoin
I even remember article, that there were some descriptions, from ancient Egypt, about:
"huge inflation" - due to x3 increase of some product price in 150 years... :)
what is less than 1% of annual inflation, simply the dream of FED or similar institutions :)
EDIT, source:
"Unfortunately, inflation was already the bane of humanity back then. We know that, for example, sandals in a certain period of the existence of the state went up in price over 150 years from 1 deben to 3 deben. In turn, during the period of the New Kingdom, 1 to 2 deben was paid for 1 char of grain. In later centuries, however, prices increased to 12 deben." (source, by Google Translation)
Such price increase might be attributed to increase in demand.
To my opinion, It is not like humanity constantly tries to fight same problems it is people in power who constantly try to use the same tools for increasing their power.
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