Zach
· 161w
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?