VisualMod t1_jdrb26x wrote on March 26, 2023 at 4:03 PM

#2,372,298

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[deleted] OP t1_jdrbfpq wrote on March 26, 2023 at 4:06 PM

#2,372,349

[deleted]

Basarav t1_jdrbj7h wrote on March 26, 2023 at 4:07 PM

#2,372,365

More money out there to buy the same number of products, causes the purchasing power of the currency to go down, therefore prices to go up because now you need more of that currency to buy the same product.

An amazing book that explains all of this is “A primer on money, banking and gold” by Bernstein

JordanRPE t1_jdrbjpg wrote on March 26, 2023 at 4:07 PM

#2,372,368

Before, we could only print money against the total gold standard we had. When Nixon took us of the gold standard, we just printed. The same with an item that is worth something if there are 10 of them they have moremore worth than if there were 100000. If I understand it right.

mindless-bottleman t1_jdrbscs wrote on March 26, 2023 at 4:09 PM

#2,372,401

Replying to Basarav (#2,372,365)

And don't interest rates create money without even needing to print it in mid-term?

wallstreetbets-ModTeam t1_jdrcic2 wrote on March 26, 2023 at 4:14 PM

#2,372,498

Thanks for your submission!

We love new and original content here on WSB.

We have no tolerance for basic templated memes, reposts from the front page, or boomer memes.

Yes, this can be a little subjective at times, but we want to show you the best WSB has to offer!

If you need some guidance, don't hesitate to reach out to modmail and we'll give you some pointers!

A few tips though!

Don't just submit a chart of the current price. Come on. Google only costs $5 per search. (wait, you guys are searching for free?)
Reaction gifs are fucking lame. Put that shit in a comment, no one wants to look at your face in real life anyways so why are you making a thread about it.
Don't repost stuff. All of us are terminally online, how dare you try and make us laugh with an image posted somewhere else. Jokes aside, we don't want to beat a joke to death, so give us some fresh OC and we'll be a lot cheerier.

[deleted] OP t1_jdrcx9p wrote on March 26, 2023 at 4:17 PM

#2,372,542

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Basarav t1_jdrey4k wrote on March 26, 2023 at 4:31 PM

#2,372,785

Replying to mindless-bottleman (#2,372,401)

Technicalities…. The treasury creates money, the FED with interest rates makes it available/cheaper to borrow so it hits the open markets which is us consumers…..

Low interest rates makes people borrow/buy shit, which makes the economy hot which creates inflation…. Raising interest rates os the break on that heat and inflation should slow…… but all these decisions take time to hit the consumers, sometimes months and even years….. depends on too many variables to nail down when/how/how much they will affect

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