Inflation and CurrencyGB819: November 15, 2020 |
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Currency is just a means to value raw materials. It’s a way to estimate the value of resources. Creating currency for poor people won’t change the value of resources, as long as it isn’t overdone. Of course if everyone was a millionaire, that would change the value.
My prediction. if you raise the standard of the middle class and business owners see that, you’ll cause inflation. If you keep the existing standard, but bring destitute people into the middle class – you won’t cause inflation.
edit: My theory is that it’s the median income that causes inflation, not the mean income. So you can slip a bunch of people right under the median and still be fine.
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