Comment on Inflation?
FluffyPotato@lemm.ee 2 months agoSo what makes the stuff stores buy more expensive? Like you can create a chain of price raising as far as you want but ultimately it’s just someone deciding to raise prices and that creating inflation.
Again, only a handful of countries own US debt and I don’t even know how US debt interest rates are going to connect to inflation in other countries. Like China and Japan are the largest debt holders and their inflation is vastly different.
LibreHans@lemmy.world 2 months ago
Nobody said US debt, it’s USD debt, this is basic international economics knowledge.
Inflation is the loss of purchasing power of money, not somebody raising prices. Inflating the money supply leads to loss of purchasing power.
FluffyPotato@lemm.ee 2 months ago
Inflating money only loses purchasing power if it’s tied to the value of something else as I originally said. That was literally my original point.
LibreHans@lemmy.world 2 months ago
Money is always tied to the value of things, so according to you inflating the money supply always leads to money losing purchasing power.
Debt denominated in USD