Re:The Portuguese can no longer afford to live in Portugal
by mr_toad on Thursday September 01, 2022 @11:48PM
(#32686377)
> The proof is the observation that endemic inflation only happens in countries with fiat money systems.
More generally anything that increases the money supply. Non-fiat monetary systems have suffered from inflation due to debasement of the currency or an influx of precious metals use to create coins (e.g. when gold from the new world flooded the Spanish economy).
More generally anything that increases the money supply. Non-fiat monetary systems have suffered from inflation due to debasement of the currency or an influx of precious metals use to create coins (e.g. when gold from the new world flooded the Spanish economy).