☆ Yσɠƚԋσʂ ☆@lemmy.ml to Memes@lemmy.mlEnglish · 2 years agoOn Inflationlemmy.mlimagemessage-square26fedilinkarrow-up1422arrow-down114
arrow-up1408arrow-down1imageOn Inflationlemmy.ml☆ Yσɠƚԋσʂ ☆@lemmy.ml to Memes@lemmy.mlEnglish · 2 years agomessage-square26fedilink
minus-squarefluidrock78@lemm.eelinkfedilinkarrow-up6arrow-down2·2 years agohttps://www.thesavvystreet.com/does-fractional-reserve-banking-cause-inflation/
minus-squarethesmokingman@programming.devlinkfedilinkarrow-up2arrow-down2·2 years agoWow, it’s so amazing that the price of gold remains forever consistent. If we had a resource-backed currency inflation could never happen because we never adjust the cost of silver. Scarcity and psychology have no power here!
minus-squarethesmokingman@programming.devlinkfedilinkarrow-up2arrow-down1·2 years agoI’m flabbergasted. I would have thought that your graphs that claimed to show no inflation yet clearly increased would have prepared you for irony.
https://www.thesavvystreet.com/does-fractional-reserve-banking-cause-inflation/
Wow, it’s so amazing that the price of gold remains forever consistent. If we had a resource-backed currency inflation could never happen because we never adjust the cost of silver. Scarcity and psychology have no power here!
Wrong
Here
I’m flabbergasted. I would have thought that your graphs that claimed to show no inflation yet clearly increased would have prepared you for irony.