Replying to Avatar mister_monster

The same goes for new gold or new anything. A glut of wheat supply lowers its price, a bushel of wheat is still fungible.

It is precisely because newly printed dollars are exchangeable with existing dollars that this debasement is possible.
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Neal 5mo ago

but with gold proof of work which tethers it to reality allows the market to adjust. that is categorically different that when they injected 6T of covid money from nothing

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