Originally Posted by 45_100
Dutch, that concept is very interesting and something I never understood before. If I understand correctly the concept of supply and demand affects the value money as well as the value of goods and services. It also explains why some think globalization is a good thing. It helps balance the money supply with the goods and services available.

Sounds great, except money is created through debt. In order to keep kicking that can down the road, they're floating the idea of a trillion dollar coin.


@jameslavish

If you work 40 hrs/wk: at 5% inflation and after 5 years, you need a 28% pay raise or to work 44 more hours (*one full extra week* per month+) to make up the difference.

This is inflation