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by diatone
1758 days ago
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Just confirming I’m on the right page here, what about supply and demand? Doesn’t inflation increase the quantity of cash in existence, reducing its value relative to other units of exchange, and vice versa for deflation? So for example, a 500% deflation just means that one dollar today buys $6 worth of whatever it could have bought in the past (my math might be off)? |
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