he's still talking about inflation as "growth of the supply over growth of demand" no?
so where am I being pedantic?
I agree that its a term its possible to do without. "debasement" has been proposed as a substitute and that makes sense to me.
he's still talking about inflation as "growth of the supply over growth of demand" no?
so where am I being pedantic?
I agree that its a term its possible to do without. "debasement" has been proposed as a substitute and that makes sense to me.
Well I guess we were on topic the whole time, so I guess you weren't being needlessly pedantic actually.
And yeah debasement would be a great word to refer specifically to changes in the total quantity of money via changes in the protocol (increasing the supply cap when that was never agreed upon, issuing fraudulent paper, or mixing less precious metals into metal money)