Comment on Inflation?
LibreHans@lemmy.world 3 weeks agoNobody 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 3 weeks 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 3 weeks 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