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Lemmy Shitpost@lemmy.world · 3 months ago

Inflation?

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Inflation?

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Lemmy Shitpost@lemmy.world · 3 months ago

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Knock_Knock_Lemmy_In@lemmy.world
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3 months ago

you can double the amount in circulation but if no one raises prices there would be no inflation.

Let’s say all dollars are now worth 2 Xollars. Trading in dollars is now illegal and everything must now be traded in Xollers.

A loaf of bread costing 1 dollar will now cost 2 Xollars.

Doubling the amount of money in circulation doubles prices.

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