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when there was more gold, the purchasing power of gold

Posted on: March 6, 2024 at 13:11:48 CT
CulturedDan MU
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went down. That's the most basic way inflation is seen.


However, when governments started making fiat money, inflation (and the inverse devaluing of money) increased relative to how much actual value was placed into and/or backing that money.

https://www.citeco.fr/10000-years-history-economics/antiquity-to-middle-ages/inflation-crisis-in-rome
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Krugman: Low Unemployment Causes Inflation, - pickle MU - 3/6 12:19:50
     he's a gas (nm) - 90Tiger STL - 3/6 15:31:31
     Krugman pretends to be an economist for progressive dems - RHAYWORTH MU - 3/6 13:21:13
     Krugman knows the definition of inflation! - JG MU - 3/6 13:19:39
          lmfao (nm) - Sal CMSU - 3/6 13:56:58
          Hey FMB - this is a good post to help you understand - CulturedDan MU - 3/6 13:23:28
               LOL(nm) - Fire Marshall Bill MU - 3/6 13:27:39
                    IKR - JG MU - 3/6 13:30:51
     When unemployment was 3.5% in Sep 2019 inflation was 1.7% - Spanky KU - 3/6 12:41:12
     Krugman - Spanky KU - 3/6 12:31:00
     is my understanding - o'lineydisciple MU - 3/6 12:28:53
          no, inflation is an increase in the money supply (nm) - pickle MU - 3/6 12:36:30
               relative to goods/services produced - o'lineydisciple MU - 3/6 14:46:01
                    no, it’s just an increase in the money supply (nm) - pickle MU - 3/6 15:25:45
               according to whom or what?(nm) - Fire Marshall Bill MU - 3/6 12:42:01
                    real economists - ashtray UF - 3/6 12:46:45
                         "real economists" - Fire Marshall Bill MU - 3/6 12:54:21
                              no, meaning not the guys shilling for the gvmt (nm) - 90Tiger STL - 3/6 15:32:36
                              no, it matches reality. - CulturedDan MU - 3/6 13:02:18
                                   I'm not following your first point - Fire Marshall Bill MU - 3/6 13:06:40
                                        when there was more gold, the purchasing power of gold - CulturedDan MU - 3/6 13:11:48
                                             thanks(nm) - Fire Marshall Bill MU - 3/6 13:21:22
                              wrong again - ashtray UF - 3/6 13:02:05
                              laziness - pickle MU - 3/6 12:59:52
                                   educate myself on what? - Fire Marshall Bill MU - 3/6 13:04:59
                    do you want to read or watch a video?(nm) - CulturedDan MU - 3/6 12:45:22
                         like these? - Fire Marshall Bill MU - 3/6 12:53:24
                              I was thinking this might be more helpful - CulturedDan MU - 3/6 12:57:12
                                   I watched it, but it wasn't helpful - Fire Marshall Bill MU - 3/6 13:03:42
                                        i don’t think you understand how a dictionary works - pickle MU - 3/6 13:13:16
                                             how does a dictionary work? - Fire Marshall Bill MU - 3/6 13:20:54
                                                  word usage comes first - pickle MU - 3/6 13:25:02
                                                       noted(nm) - Fire Marshall Bill MU - 3/6 13:26:51
                                                            RE: noted(nm) - pickle MU - 3/6 13:34:24
                                                  when were those words in that definition placed - CulturedDan MU - 3/6 13:22:36
                                        the definition you just linked - CulturedDan MU - 3/6 13:07:32
                                             yes, but he's also saying that it is independent of - Fire Marshall Bill MU - 3/6 13:10:15
                                                  price levels are affected by inflation. I don't see how you - CulturedDan MU - 3/6 13:12:38
                                                       I'm not confused by anything - Fire Marshall Bill MU - 3/6 13:15:20
                                                            Bill, you're so close to accepting that you've learned - 90Tiger STL - 3/6 15:35:55
                                                  price increases are a symptom of inflation - ashtray UF - 3/6 13:12:08
                                                       that's where there is disagreement - Fire Marshall Bill MU - 3/6 13:16:25
                                                            because people are misinformed by those - ashtray UF - 3/6 13:22:16
                                                                 100% spot on (nm) - 90Tiger STL - 3/6 15:36:52
                                                                 interesting(nm) - Fire Marshall Bill MU - 3/6 13:26:36
                         RE: do you want to read or watch a video?(nm) - pickle MU - 3/6 12:52:30
                              you are non-participating so hard today!(nm) - Fire Marshall Bill MU - 3/6 12:57:04
     He's right. He's an expert AND I've seen him on TV(nm) - CulturedDan MU - 3/6 12:25:22
     Krugman's analysis always defends the fiat system - ashtray UF - 3/6 12:22:49




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