Replying to Avatar TheZenLlama

By the way, when something costed $5, and now it costs $10, what does it mean? What makes that happen? I know we call it inflation, but what is that?

#inflation #asknostr #discussion
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🐉AT ₿01 2y ago

Money printing. Brrr brrr.

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TheZenLlama 2y ago

And where does the "lost" value go?

nostr:nevent1qqsdeqq36expvuesl28yfccfzah8kmd5gus2tjesmd5c5d50gkx9y3gpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgq3qnhzltwf8n6cjt0z4kes8qt82ashu32jnjz04k75p2uffy23f6d5sxpqqqqqqz2tx3nh

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🐉AT ₿01 2y ago

the lost value of money with monetary inflation goes to those who benefit from inflation, such as borrowers, asset owners, and governments.