• 0 Posts
  • 58 Comments
Joined 1 year ago
cake
Cake day: June 13th, 2023

help-circle



  • “printing” money happens very very often. The US constantly prints money AND increases it’s debt yet the dollar stays strong. You have to remember value of a currency is imaginary, it’s just a contract where we agree X is X and Y is Y.

    While yes you can devalue a currency by printing money, you can also increase its value by strengthening the system it’s printed into. If we print money to build and improve, the UK becomes more desirable and therefore it’s currency more valuable despite it’s increased monetary supply.

    It’s alot more complicated than Print more worth less. Hell I expected high inflation after COVID due to increased printing, and while inflation did happen, it was not for that reason, it was pure greed.