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On Inflation (lemmy.ml)

submitted 10 months ago by [email protected] to c/[email protected]

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[–] [email protected] 4 points 10 months ago (1 children)

https://www.thesavvystreet.com/does-fractional-reserve-banking-cause-inflation/

[–] [email protected] 0 points 10 months ago (1 children)

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!

[–] [email protected] 0 points 10 months ago* (last edited 10 months ago) (1 children)

Wrong

Here

[–] [email protected] 1 points 10 months ago

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.