Comment on how long is the current era of inflation going to last?
DarkGamer@kbin.social 9 months agoI've read a lot of articles suggesting it's profit seeking, i.e., greed, and not monetary supply. We made the money printers go burr for a very long time with almost no inflation.
Alimentar@lemm.ee 9 months ago
You can’t print without consequences. The more you pump into circulation, the more currency you need to buy the same goods and services. You’re basically losing purchasing power.
If you give everyone a million dollars, you’re going to see prices increase. If prices don’t rise, people could buy out entire stocks of goods and you’ll have supply problems. So you need prices to increase to adjust for the amount of currency circulating. That’s inflation.
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