• Knock_Knock_Lemmy_In@lemmy.world
    link
    fedilink
    arrow-up
    2
    arrow-down
    2
    ·
    2 months ago

    you can double the amount in circulation but if no one raises prices there would be no inflation.

    Let’s say all dollars are now worth 2 Xollars. Trading in dollars is now illegal and everything must now be traded in Xollers.

    A loaf of bread costing 1 dollar will now cost 2 Xollars.

    Doubling the amount of money in circulation doubles prices.