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[–] AgentHitler 0 points 2 points 2 points (+2|-0) ago
You’re talking about inflation.
What stupid people don’t understand is that if everyone had $1M, then bread suddenly would cost $100/loaf. Purchasing power is the true measure of wealth.
The crux, and the reason why govts love to print money, is that it takes a while for inflation to hit goods and services. So the people that print the money are the ones who get to immediately take advantage of it, at the current prices. Average people wouldn’t get that luxury. It’s designed that way.
[–] prairie ago
We're talking about the same thing. Inflation of the money supply inflates prices eventually, but delayed as you say. The counterfeiter gets the full uninflated value when they spend, but that can't last.