I mean we’re looking
down on Wayne’s basement, only
that’s not Wayne’s basement.
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Cake day: March 4th, 2024
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The value of a currency is not purely a function of supply. It changes based on the relative values of the things you can buy with it, including the relative values of alternate currencies. Human emotions play a large part, too. Simply coming up with a number for the inflation rate is a complicated and inexact exercise. Actively controlling inflation is even more difficult.
A little inflation is generally considered a good thing because it incentivizes people to spend their money rather than hoard it.