[thaumasiotes]

You claimed that minting a coin with face value $10T increased the money supply. I'm saying this is not true, because that coin cannot be spent and therefore doesn't contribute to the money supply. It doesn't matter what you write on the coin.

What matters isn't what you do with "money"; it's what you can do with it.

[arcticbull]

Again, Japan proves you wrong and me right because they 3X'd their money supply and prices stayed exactly the same for 30 years in real and notional terms. Austrian economics does not explain that. Which is why we don't use it.

[thaumasiotes]

Tripling the money supply cuts the value of money by a factor of three. Without any exceptions. There is no other possible outcome. That's not even an Austrian idea.

But there are other things that affect the value of money. Tripling the money supply and seeing the value of money stay constant tells you that something else was pulling the value of the yen up at the same time that additional supply was pulling it down.

[arcticbull]

> Tripling the money supply cuts the value of money by a factor of three. Without any exceptions. There is no other possible outcome. That's not even an Austrian idea.

This is not true, though, haha.

Which is why the Austrian model, which only takes into account the former, is obviously and woefully incomplete - and has been rejected.