this post was submitted on 15 Mar 2025
47 points (98.0% liked)

Economy

1074 readers
1 users here now

Lemmy Community for economy, business, politics, stocks, bonds, product releases, IPOs, advice, news, investment, videos, predictions, government, money, politics, debate, current trends and more.

founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[โ€“] aesthelete@lemmy.world 2 points 1 month ago (1 children)

It's a problem you encounter because money is just an abstraction for real world conditions and resources. I think people forget that. Printing more money doesn't make your country magically have more resources. It doesn't manufacture tanks for you or vanquish your enemies.

I still remember the picture from the history book where in Germany between ww1 and ww2 they were burning bank notes for warmth because inflation made the currency almost completely worthless.

[โ€“] Valmond@lemmy.world 2 points 1 month ago

Yes, they are definitely trying to have the cake and eating it at the same time.