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10 sats \ 2 replies \ @Rothbardian_fanatic OP 12 Oct \ parent \ on: Is The Inflation Dragon Really Dead? econ
Nope, it won’t do that. The whole financial system would break first and a new currency would be established. At least historically that is what has happened. Don’t you think it will stop?
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10 sats \ 1 reply \ @poe7645 12 Oct
Upward Inflation or interest adjustments? I gather the outcome is inevitably the same with a long enough time horizon.
Fiat fails.
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0 sats \ 0 replies \ @Rothbardian_fanatic OP 12 Oct
Since interest is supposed to represent time preference for money, I would say they surly have f*ed up the perceptions of the worth of investments and judgement on when to invest or not. Natural interest rates are determined by how much people have saved and how much people wish to borrow.
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