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Be kind to your elders (lemmy.world)
submitted 1 month ago by The_Picard_Maneuver@lemmy.world to c/whitepeopletwitter@sh.itjust.works
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[-] Delta_V@lemmy.world 7 points 1 month ago

prevent inflation by limiting the amount of currency that exists

which is a flawed premise itself. the supply of currency needs to expand at the same rate as productivity increases or else you get deflation which has its own set of problems

[-] untakenusername@sh.itjust.works 1 points 2 weeks ago

well...no. Gold goes up because of the same reason and its not ruining everything. And I'm pretty sure actually no currency has THAT much inflation, like that's a lot more than you might think

this post was submitted on 18 Mar 2025
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