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How to fix the economy (lemmy.world)

submitted 3 days ago by The_Picard_Maneuver@lemmy.world to c/curatedtumblr@sh.itjust.works

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[–] ryathal@sh.itjust.works 1 points 3 days ago (1 children)

We see inflation all the time. Every country that ramped up the printing during covid also saw increased inflation. Most countries stop printing before hyperinflation, we can even see in real time with Argentina that stopping the printing slows the inflation.

[–] nsrxn@lemmy.dbzer0.com 0 points 3 days ago (1 children)

moving the goal posts: we were discussing hyperinflation, and now you're saying just inflation.

[–] ryathal@sh.itjust.works 1 points 3 days ago (1 children)

My original post literally mentioned both, it's not moving the goal posts at all. Printing money leads to inflation, printing even more leads to the end state of hyperinflation.

[–] nsrxn@lemmy.dbzer0.com 0 points 3 days ago

how many dollars do you need to print to cause a dollar to lose one penny of value?