gold, page-77239

muppet that comment is incorrect. An increase in money supply does not by itself decrease the value of a $1. Money supply could increase 100 fold and it would not impact the value of a $1 if there is no inflation.

More money in peoples pockets without an increase in productivity is what causes inflation. Very simply if supply cannot keep up with demand then we have inflation.

Management and technology has improved exponentially ensuring we have products where we want them at the right time to meet demand hence little inflation hence breaking the myth of debasement of currency.

You can raise the spectre of debasement if inflation runs out of control until then Doc recommends you study more before tapping on the keyboard.