😂 😂 😂
Discussion
im not crazy goddanged
what's your definition of inflation?
Increase of actual supply.
oke.. i see your point now i think
supply of money or non-monetary resources is kinda important in the definition
otherwise it would be more correctly be called a "glut" or "bumper crop" or several other market segment specific terms for a decline in scarcity
The problem with the terms inflation and deflation is that they just indicate change of quantity (of monetary supply) but people interpret them as change in value, because after an complex interplay of different factors took place that’s the effect. However it remains just a change of quantities.
most people can't even compute second order consequences... the education system and media has made them this way
The world has become too abstract and complex for most of the IQ levels present in societies. It will get worse before it gets better