this post was submitted on 05 Nov 2023
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Leftism

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[–] unfreeradical@lemmy.world 2 points 1 year ago

Devaluation is not a cost.

It is, however, a consequence of expanding the money supply.

In turn, however, expansion of supply is not a threat, because of the various capacities for the government to withdraw money, as through taxation, or central bank policy.