120 sats \ 1 reply \ @Modus 15 Jul 2022 \ on: Bitcoin and the True Meaning of Inflation | Steven Lubka bitcoin
"When the term inflation was used for the first time it referred to an increase of paper currency..."
SOURCE?
The whole article is basically about this claim. You don't want to like... I dont know... talk more about historical usage of this term?
write
preview
100 sats \ 0 replies \ @cryptocoin OP 15 Jul 2022
The historical usage of the term inflation is, I think, related to the Quantity theory of money.
Quantity theory of money https://en.wikipedia.org/wiki/Quantity_theory_of_money
Of course, today when the media and government is talking about inflation they are really just referring to "price inflation".
That being said the meaning of a word can change over time, or it can have different meaning between two different people based on their bias, or even just their perception of the word.
But your point is taken.
reply