ZeroCool@slrpnk.net to Lemmy Shitpost@lemmy.world · 2 months agoInflation?i.ibb.coimagemessage-square90fedilinkarrow-up11.35Karrow-down147
arrow-up11.3Karrow-down1imageInflation?i.ibb.coZeroCool@slrpnk.net to Lemmy Shitpost@lemmy.world · 2 months agomessage-square90fedilink
minus-squareLibreHans@lemmy.worldlinkfedilinkarrow-up3arrow-down5·2 months 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-squareFluffyPotato@lemm.eelinkfedilinkarrow-up1arrow-down2·edit-22 months 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-squareLibreHans@lemmy.worldlinkfedilinkarrow-up1·2 months 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