Redfish
Diamond Member
- Jan 29, 2013
- 48,411
- 10,816
your ignorance on display. The more of a thing there is the less each unit is worth. That applies to gold, diamonds, dirt, and money. printing more unbacked money is the direct cause of inflation.Don't bother. These morons are stuck in the gold standard and think that printing fiat currency equals debasement.
They don't understand that there is always a lack of currency in the economy, compared to the modern total money supply. Printing currency doesn't cause inflation unless you print more currency than there is money in the system. The main way new money enters the system is through lending on credit.
It's the banks that empower inflation, not the Mint.