Comment on Be nice
Remember_the_tooth@lemmy.world 2 months agoThanks for the response. You gave me a lot to think about, so I opened the Wikipedia article on fiat money. The part on history was pretty cool:
Comment on Be nice
Remember_the_tooth@lemmy.world 2 months agoThanks for the response. You gave me a lot to think about, so I opened the Wikipedia article on fiat money. The part on history was pretty cool:
Eq0@literature.cafe 2 months ago
Indeed very interesting. Honestly, it still seems that the reason for inflation is “not backed by real good and something else we don’t quite understand”, in particular considering the examples of bills of credit in North America
Remember_the_tooth@lemmy.world 2 months ago
Agreed. Someone else in this thread suggested that population growth was a factor. That was an interesting take. All things being equal, I would have assumed population growth would affect the magnitude of inflation, but not its direction. I think you’re right that there’s definitely some unknowns. I’m not sure I want an advanced degree in economics, but that’s what it might take to understand more.