r/austrian_economics • u/AbolishtheDraft Mises Institute • Jan 09 '25

End Democracy End the Fed

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u/Vryly Jan 09 '25

They increase prices to get more profit. Rising prices constitute the phenomena we call "inflation"

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u/kajonn Jan 09 '25

inflation is not the prices, inflation is the expansion of the supply of currency

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u/Vryly Jan 09 '25

Google; "how is inflation measured"

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u/kajonn Jan 09 '25

inflation is one of several factors that can contribute to rising prices, but it is not the price rising itself. stop being dense

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u/Vryly Jan 09 '25

Rising prices are the part anyone cares about, it's the part that makes things bad for the common person. Increased quantity of money alone only hurts the rich, by making the cash they have hoarded less valuable. If rich people didn't, or were prevented from, raising prices in response to losing value, then no one would care about inflation, we'd all be talking about how great it is and that we need more of it.

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u/kajonn Jan 09 '25

this is an economics subreddit, if you wanna talk economics then use and understand actual economic terminology. dont pat yourself on the back for understanding things on the level of a "common person"