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by thaumasiotes
1600 days ago
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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. |
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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.