ZeroCool@slrpnk.net to Lemmy Shitpost@lemmy.world · 25 days agoInflation?i.ibb.coimagemessage-square40fedilinkarrow-up11.01Karrow-down131
arrow-up1982arrow-down1imageInflation?i.ibb.coZeroCool@slrpnk.net to Lemmy Shitpost@lemmy.world · 25 days agomessage-square40fedilink
minus-squareLibreHans@lemmy.worldlinkfedilinkarrow-up0·24 days 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-up0arrow-down1·edit-224 days 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?
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?