Wormhole confirms all $320M in funds have been restored

Re:Wormhole confirms all $320M in funds have been restored by MadSudaca on Thursday February 03, 2022 @03:14PM (#30198129)

Maybe not to you, but every time the FED prints money, my dollars are worth less. From my POV they’re currently debasing the currency.

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Re:Wormhole confirms all $320M in funds have been restored by arcticbull on Thursday February 03, 2022 @03:16PM (#30198173)

If you can buy the same amount with them, then they are demonstrably not worth less.

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Re:Wormhole confirms all $320M in funds have been restored by OscarCunningham on Thursday February 03, 2022 @03:26PM (#30198296)

In 2009 they printed money and dollars were worth more.

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Re:Wormhole confirms all $320M in funds have been restored by MadSudaca on Thursday February 03, 2022 @03:44PM (#30198545)

So if printing makes dollars worth more, why stop? Or that effect only applied to 2009?

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Re:Wormhole confirms all $320M in funds have been restored by arcticbull on Thursday February 03, 2022 @03:52PM (#30198656)

Because supply alone is not what defines the value of money. This is the concrete example of why Austrian economics is a wholly insufficient model.

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Re:Wormhole confirms all $320M in funds have been restored by MadSudaca on Thursday February 03, 2022 @04:16PM (#30198980)

I think the Austrian school explains quite well the phenomenon, like Newton’s Laws for dynamics.

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Re:Wormhole confirms all $320M in funds have been restored by arcticbull on Thursday February 03, 2022 @09:46PM (#30202175)

Now do Japan.

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