☆ Yσɠƚԋσʂ ☆ to Memes@lemmy.mlEnglish • 2 years agoOn Inflationlemmy.mlimagemessage-square25fedilinkarrow-up13arrow-down10
arrow-up13arrow-down1imageOn Inflationlemmy.ml☆ Yσɠƚԋσʂ ☆ to Memes@lemmy.mlEnglish • 2 years agomessage-square25fedilink
minus-squareJoMamalinkfedilink0•2 years agohttps://www.thesavvystreet.com/does-fractional-reserve-banking-cause-inflation/
minus-square@thesmokingman@programming.devlinkfedilink0•2 years agoWow, it’s so amazing that the price of gold remains forever consistent. If we had a resource-backed currency inflation could never happen because we never adjust the cost of silver. Scarcity and psychology have no power here!
minus-square@thesmokingman@programming.devlinkfedilink0•2 years agoI’m flabbergasted. I would have thought that your graphs that claimed to show no inflation yet clearly increased would have prepared you for irony.
https://www.thesavvystreet.com/does-fractional-reserve-banking-cause-inflation/
Wow, it’s so amazing that the price of gold remains forever consistent. If we had a resource-backed currency inflation could never happen because we never adjust the cost of silver. Scarcity and psychology have no power here!
Wrong
Here
I’m flabbergasted. I would have thought that your graphs that claimed to show no inflation yet clearly increased would have prepared you for irony.