I think of it like when I have 1000$ and the smallest denomination is changed to 0.0001$ (presumably because goods are priced in amounts below 0.01$), I still have 1000$, but over time it buys me more.
With inflation, some other entities in the market get new money, so my 1000$ buy me less. A symptom are discussions about dropping the 0.05$ coins and below, because nothing is priced in it anyways.
How do our perceptions of the situation differ?
David Härer
npub1fu…thyys
2024-07-30 06:08:57
in reply to nevent1q…nh7u
Author Public Key
npub1fulsgwq6n0exny9zhwvafuct7w3ct6tmsu5vacl0jn2pdrmk2u9sfthyysPublished at
2024-07-30 06:08:57Event JSON
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