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People think inflation is rising prices.

It isn't. We only try to measure it that way because it's impossible to measure quantity of money and credit in the fiat system, as Volcker found out, especially amid the Eurodollar system.

Inflation is the increase in supply of money (and credit).

BitcoinIsFuture 2mo ago 💬 1

>People think inflation is rising prices.

What kind of disgusting Keynesian propaganda has brainwashed you?

Central banks create fiat out of thin air (put it into debt) and create inflation which in fact is a theft from ordinary people. Central banks financially enslave ordinary people by creating fiat out of thin air.

You need to study economics harder, maybe read about Cantillion effect.

"Cantillion’s contribution to monetary policy is just as important today. In Essai, Cantillon provided an advanced version of John Locke's quantity theory of money, focusing on relative inflation and the velocity of money. Namely, when you print money, it causes more pounds to chase fewer goods, pushing up the average cost resulting in inflation. His theory has been dubbed ‘The Cantillion effect’, and is a lesson to us all on the effects of inflation ‘financing the financiers’. "

https://www.adamsmith.org/blog/the-cantillion-effect

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Discussion

🧙🏼‍♂️Homemdosaco 2mo ago 💬 2

He was being supportive of your pov and stating tail emissions are inflation.

BitcoinIsFuture 2mo ago

Okay but also saying that inflation is not rising prices with is not true.

🧙🏼‍♂️Homemdosaco 2mo ago 💬 2

What he said, which happens to be the austrian economics view, is that rising prices are the effect of inflation, which happens when the government debases the currency.

If inflation is rising prices, merchants are to blame.

If inflation is currency debasement, the goverment is to blame.

I'm literally quoting Friedman.

BitcoinIsFuture 2mo ago

The second sentence is in question. In free market merchants compete. A merchant to rise prices need to be a monopoly.

This is what I am finding.

"Merchants often adjust prices based on their costs and market conditions. While they may raise prices in response to increased costs, many have also been accused of price gouging, maintaining high prices even when their costs decrease. For example, companies in the diaper industry have kept prices high despite a drop in production costs."

But I will quote Cantillon again: "Cantillon provided an advanced version of John Locke's quantity theory of money, focusing on relative inflation and the velocity of money. Namely, when you print money, it causes more pounds to chase fewer goods, pushing up the average cost resulting in inflation."

🧙🏼‍♂️Homemdosaco 2mo ago

Well, if you've accepted the cantillion effect, you're well underway. I would refer you to rothbard's "what has the goverment done to our money" for further understanding.

Kayne 1mo ago

I think you misunderstood him, the first sentence is confusing but did you read the rest of what he wrote because I gathered he meant that inflation makes people think things are getting more expensive.