High prices will outlast the war

Re:High prices will outlast the war by notch656a on Tuesday March 15, 2022 @11:34AM (#30686595)

If the value of a dollar doesn't depend on supply, we could print infinite amounts of it and reach infinite wealth. This false notion has caused so much misery in the last couple of centuries. Unfortunately value of money is also subject to supply.

>The value of money depends on the underlying asset

Printing more dollars does not create more 'underlying assets.' Therefore it doesn't make sense to claim there will be no effect on value of money if more money is chasing the underlying assets. It's quite possible the value of the dollar decreases.

Using your own definition, which itself is debatable, it is guaranteed the value of money will decrease if you only change the supply of money and nothing else.

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Re:High prices will outlast the war by mohanmcgeek on Saturday March 19, 2022 @04:25AM (#30732164)

Anybody making this argument needs to tell me why the government needs taxes/bonds if it "can just print money"

I want to see the kind of mental gymnastics that people have to do fit in the false idea that government creates money out of thin air

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