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[–] PeacefulAssassin 0 points 2 points 2 points (+2|-0) ago
so what keeps a couple try from just printing tons of money, not telling anyone, and slowly spreading it out to the masses so that everyone does become rich?
current currency is based off of nothing anyway.
[–] YugeDick 0 points 2 points 2 points (+2|-0) ago
Supply and demand. Do they not teach basic economics in schools anymore?
Same demand with more supply means the supply has less value. More demand with less supply makes the supply harder to get and worth more. This same basic principal applies to everything including currency.
Take gasoline prices as an easy example we all see fluctuate week to week. First presume the currency stays at constant value. When the market is flush with abundant oil like when Saudi was over producing the prices go down. They over produced specifically to force the prices down to make shale oil not worth the cost of production. When there's a shortage prices go up, like when a hurricane takes out refineries in Texas or when a new conflict breaks out in an oil producing country.
Now flip that to where the availability of gasoline stays constant but the currency fluctuates. If large amounts of currency flushed the market and everyone had millions when they normally had maybe hundreds at best then prices on gas will go up because its easy to get people to pay higher prices when they have so much to spend. The real value of the gallon of gas is still the same but the sacrifice one is willing to make to get it changes... sort of. The sacrifice is the same really because the amount of real value the average consumer puts forth to earn the currency necessary to purchase the gas doesn't change, only how much currency they have for making that sacrifice in trade. This is inflation.
[–] 0110001111 0 points 2 points 2 points (+2|-0) ago
They way i remember it, currency is the opportunity cost of leisure. Seeing as nogs have all the time in the world to do fuck all, it makes sense they have worthless currency.
[–] [deleted] 0 points 1 point 1 point (+1|-0) ago (edited ago)
[–] PeacefulAssassin 0 points 3 points 3 points (+3|-0) ago
I see the point you are making, the inflation would just happen naturally, even if no one knew about the extra money being inserted.