[lottin]

I guess you didn't get the memo. The US abandoned the gold standard in the 1930s and with that the US dollar became a fiat currency, i.e. a currency that isn't backed by anything. A fiat currency cannot be debased because it has no "base".

[MadSudaca]

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]

If you can buy the same amount with them, then they are demonstrably not worth less.

[OscarCunningham]

In 2009 they printed money and dollars were worth more.

[MadSudaca]

So if printing makes dollars worth more, why stop? Or that effect only applied to 2009?

[arcticbull]

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]

I think the Austrian school explains quite well the phenomenon, like Newton’s Laws for dynamics.

[arcticbull]

Now do Japan.