ZeroCool@slrpnk.net to Lemmy Shitpost@lemmy.world · 25 days agoInflation?i.ibb.coimagemessage-square89fedilinkarrow-up11.31Karrow-down145
arrow-up11.26Karrow-down1imageInflation?i.ibb.coZeroCool@slrpnk.net to Lemmy Shitpost@lemmy.world · 25 days agomessage-square89fedilink
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkarrow-up2arrow-down2·24 days ago you can double the amount in circulation but if no one raises prices there would be no inflation. Let’s say all dollars are now worth 2 Xollars. Trading in dollars is now illegal and everything must now be traded in Xollers. A loaf of bread costing 1 dollar will now cost 2 Xollars. Doubling the amount of money in circulation doubles prices.
Let’s say all dollars are now worth 2 Xollars. Trading in dollars is now illegal and everything must now be traded in Xollers.
A loaf of bread costing 1 dollar will now cost 2 Xollars.
Doubling the amount of money in circulation doubles prices.