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Re:Why inflation is not a threat by throwawayboise on Sunday March 14, 2021 @03:02PM (#26457844)
But Bob has -1 gold coin in his bank account, so there is still only 1 gold coin. If Alice deposits her "new" gold coin into her account, the bank still has only one coin. If Alice demands to withdraw her 2 coins, the gold bank won't be able to comply, whereas the fiat bank would just print another coin.
Re:Why inflation is not a threat by beefield on Sunday March 14, 2021 @03:21PM (#26458026)
That's not how amount of money is calculated. If you did, you would end up with a funny result that there is no money at all. As all modern money is debt from someone to someone else.