Re:A $100k Prize for a Decentralized Inflation Dashboard
by lottin on Thursday August 05, 2021 @11:24PM
(#28082982)
To be clear, inflation is not a function of money printing. For example, under metallic standards (so no money printing), countries would experience inflation or deflation as a result of trade imbalances (because a trade deficit leads to a net outflow of precious metals, and vice-versa).
Re:A $100k Prize for a Decentralized Inflation Dashboard
by anythingdude321 on Thursday August 12, 2021 @12:23PM
(#28158241)
metallic standards often had debasement (that's why it's called debasement). but also no one is arguing that inflation is a function of ONLY money printing, but no one can argue that money printing is not one of the inputs that determines inflation
in this piece it looks like the author is making the tautological version of the claim, by following up and describing it as "a function of money printing" — which is obviously true it is a function of money printing and several other things