• TheLemming@feddit.de
    link
    fedilink
    English
    arrow-up
    17
    arrow-down
    4
    ·
    1 year ago

    The value of things doesn’t really increase. One loaf of bread still makes my hunger go away the same amount that it does regardless of its price tag.

    It’s the »measurement tool« that we are measuring/defining its value with that’s changing in alignment to the amount of supply of bread.

    • CallumWells@lemmy.ml
      link
      fedilink
      English
      arrow-up
      1
      ·
      1 year ago

      It’s good that someone else also understand that value of goods doesn’t increase during inflation, but that the value of currency decreases. If the value of a good increases then that means you need to exchange more of other goods to get the same value as that good that increased in value. Add in that goods often have different values to different people.