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by immibis
247 days ago
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Prices going up is dollar devaluation. One doesn't cause the other - they're already two different words for the same thing. If potato prices rise but soybean prices fall, then you can say potatoes got more expensive, soybeans got cheaper, and the dollar is worth the same. But if prices go up all across the economy in general, that is dollar devaluation. |
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Side question - would you consider the converse, globalization, to be a deflationary force?