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MadSudaca
on Feb 3, 2022
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Wormhole confirms all $320M in funds have been res...
Maybe not to you, but every time the FED prints money, my dollars are worth less. From my POV they’re currently debasing the currency.
arcticbull
on Feb 3, 2022
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If you can buy the same amount with them, then they are demonstrably not worth less.
OscarCunningham
on Feb 3, 2022
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In 2009 they printed money and dollars were worth more.
MadSudaca
on Feb 3, 2022
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So if printing makes dollars worth more, why stop? Or that effect only applied to 2009?
arcticbull
on Feb 3, 2022
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Because supply
alone
is not what defines the value of money. This is the concrete example of why Austrian economics is a wholly insufficient model.
MadSudaca
on Feb 3, 2022
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I think the Austrian school explains quite well the phenomenon, like Newton’s Laws for dynamics.
arcticbull
on Feb 4, 2022
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Now do Japan.
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