Re:Cryptocurrencies Have Broken Almost All of Their Major Pr...
by Nursie on Wednesday June 15, 2022 @05:24AM
(#31750767)
> Inflation is about total supply of something
Only if you've fallen down the Austrian rabbit-hole. It's not what mainstream news sources, economists, politicians or really anyone else means by that term.
Inflation is to do with the amount of goods purchasable with a unit of currency, a relative decrease in the value of that currency compared to (usually) a cross-section of prices of goods which are commonly bought by users of the currency.
Only if you've fallen down the Austrian rabbit-hole. It's not what mainstream news sources, economists, politicians or really anyone else means by that term.
Inflation is to do with the amount of goods purchasable with a unit of currency, a relative decrease in the value of that currency compared to (usually) a cross-section of prices of goods which are commonly bought by users of the currency.