Saifedean Ammous -- 702d He's not saying it wouldn't decrease the purchasing power, he's saying the decrease would not be exactly inversely proportional to the increase in supply replyHe's not saying it wouldn't decrease the purchasing power, he's saying the decrease would not be exactly inversely proportional to the increase in supply
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root ab4d138c…b625 · depth 2 · · selected f669641a…1000
“There is no justification whatever for the widespread belief that variations in the quantity of money must leadto inversely proportionate variations in the objective exchange-value of money, so that, for example, a doublingof the quantity of money must lead to a halving of the purchasing power of money.”— The Theory of Money and Credit (LvMI) by Ludwig von Miseshttps://a.co/bfU0xeMUp to this point I was understanding what Mises was explaining. But this quote seems to say that an increase inthe quantity of money does NOT decrease purchasing power. If I’m understanding this correctly this would becompletely contradictory to what I’ve come to understand through my dillegent research.nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak could you shed some scholarly light onthis concept please. I really would appreciate your thoughts on this.
He's not saying it wouldn't decrease the purchasing power, he's saying the decrease would not be exactlyinversely proportional to the increase in supply
“There is no justification whatever for the widespread belief that variations in the quantity of money must lead to inversely proportionate variations in the objective exchange-value of money, so that, for example, a doubling of the quantity of money must lead to a halving of the purchasing power of money.”
— The Theory of Money and Credit (LvMI) by Ludwig von Mises
https://a.co/bfU0xeM
Up to this point I was understanding what Mises was explaining. But this quote seems to say that an increase in the quantity of money does NOT decrease purchasing power. If I’m understanding this correctly this would be completely contradictory to what I’ve come to understand through my dillegent research.
nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak could you shed some scholarly light on this concept please. I really would appreciate your thoughts on this.