By ArkyBeagle
But permanent with respect to what? US GDP is 16.77 trillion. In 1950 it was $.3T. Ratio is 55:1. Population is only approximately 2:1. That’s a compounded growth rate of 5%. So really- just to break even and make a dollar mean the same thing, we’d need an average money supply growth of 5% ( which is not the same as inflation ). But all the prices will be radically different – some more, some less.
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