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On Inflation (lemmy.ml)
submitted 8 months ago by yogthos@lemmy.ml to c/memes@lemmy.ml
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[-] fluidrock78@lemm.ee 4 points 8 months ago

https://www.thesavvystreet.com/does-fractional-reserve-banking-cause-inflation/

[-] thesmokingman@programming.dev 0 points 8 months ago

Wow, it’s so amazing that the price of gold remains forever consistent. If we had a resource-backed currency inflation could never happen because we never adjust the cost of silver. Scarcity and psychology have no power here!

[-] fluidrock78@lemm.ee 0 points 8 months ago* (last edited 8 months ago)

Wrong

Here

[-] thesmokingman@programming.dev 1 points 8 months ago

I’m flabbergasted. I would have thought that your graphs that claimed to show no inflation yet clearly increased would have prepared you for irony.

this post was submitted on 13 Feb 2024
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