Inflation and deflation have very little to do with making new money. It’s a measure of the cost of goods and services, each given a weight based on an estimated effect on purchasing. The largest thing effecting inflation right now specifically is companies increasing profits massively while providing less to the consumer, like groceries, rent, cars, etc. These companies make more and more money by increasing costs, hence the inflation.
How is it bullshit to point out the fact that supporters of Bitcoin, which has a fixed supply, would obviously be critical of printing off more of a fiat currency?
We’re not in a loop, you just wanted to call what I said bullshit without understanding it. Once I explained it, you realized you were wrong, and are now trying to pivot.
Because inflation and deflation are exact opposites…
Inflation and deflation have very little to do with making new money. It’s a measure of the cost of goods and services, each given a weight based on an estimated effect on purchasing. The largest thing effecting inflation right now specifically is companies increasing profits massively while providing less to the consumer, like groceries, rent, cars, etc. These companies make more and more money by increasing costs, hence the inflation.
“Because bullshit and reality are exact opposites.”
“Because a rando’s take on economics and actual economics are opposites.”
See how that works? I can keep going…
How does that, in any way, apply to the other commentors remark?
You replied with bullshit so I pointed out the fallaciously BS aspect of your reply.
What are you confused about?
How is it bullshit to point out the fact that supporters of Bitcoin, which has a fixed supply, would obviously be critical of printing off more of a fiat currency?
How is it bullshit to point out that someone’s argument is bullshit?
Keep whining about fiat BS just as other have for nearly a century.
But but but they print money just like they did before I was born! But but but problems! Glen beck said gold! But but but!
Yes, that is exactly what I just asked you. Are you capable of answering the question, or is shadow-boxing the best you can do?
Sounds like we’re in a loop.
So let’s take it up a level.
You think printing money is the issue why?
Do you have a link for us to buy gold bars?
Sidebar: I hate Lemmy’s inbox and knowing what the hell happened
We’re not in a loop, you just wanted to call what I said bullshit without understanding it. Once I explained it, you realized you were wrong, and are now trying to pivot.