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A comment on Show HN: M1 Chart – The stock market adjusted for the US-dollar money supply. Parent comment

Re:Show HN: M1 Chart – The stock market adjusted for the US-... by jkhdigital on Saturday February 13, 2021 @09:24PM (#26129105)
Except that fiat money can be analyzed axiomatically, because it is essentially just numbers in a balanced double-entry ledger.

The difficult part is in translating theorems into practical knowledge about the economy, but just because this is difficult doesn’t mean that the axiomatic approach is wrong.

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Re:Show HN: M1 Chart – The stock market adjusted for the US-... by nabla9 on Sunday February 14, 2021 @03:21PM (#26135875)
> Except that fiat money can be analyzed axiomatically

Not in a meaningful way. (meaningful = related to real economy). If you just look at the numbers in a silly accountant fashion, and population doubles, analysis is meaningless.

You need want to keep money relatively stable (say 2% inflation) you need to keep adding money to match changes in demand or factors of production.

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