this post was submitted on 15 Aug 2023
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[–] [email protected] 1 points 1 year ago

@13esq @BowserDelta
Money is, at root, promises.
Fungible, serialised, abstracted, standardised, but based on promises.

Inflation occurs when the promises are less completely believed.

I do not say other things could not cause inflation, but a vast liar leading a party of liars, cheats, thieves and incompetents must lead to devaluation of the country's promises.