Hacker News new | ask | show | jobs
by 9x39 63 days ago
If that were true, we wouldn’t see the inflation we do from more dollars chasing the same (or less) goods.

Even if it were true, you still have distribution. You can’t get goods across a nation, let alone the globe, without significant inputs.

Are you checking the local grocery store and extrapolating globally?

1 comments

Inflation is more likely when the net number of dollars increases without a corresponding increase to production. Taxing earners at a higher rate doesn’t do this. Printing money at the central bank does.