This is an oversimplification, but basically money printing decreases the value of your money because it increases the supply of money. Your $100 can't by the same amount of stuff that it could before...
You’re making 2 big assumptions here:
1. That price inflation is caused only by an increase in the money supply vs. supply-demand imbalances
2. That there’s no benefit to you and me from government spending
Even if we were on a #Bitcoin standard, what would stop the egg producer from charging you 250 sats for a carton of eggs to 500 sats? Would the egg producer be “stealing” from you too?
1. That price inflation is caused only by an increase in the money supply vs. supply-demand imbalances
2. That there’s no benefit to you and me from government spending
Even if we were on a #Bitcoin standard, what would stop the egg producer from charging you 250 sats for a carton of eggs to 500 sats? Would the egg producer be “stealing” from you too?
2
