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Vitalik Buterin pfp
Vitalik Buterin
@vitalik.eth
Sorry, but no. Crypto people claimed the right to butcher the word "inflation" first, and we already decided that it now just means "increase in the total supply of a currency". https://x.com/axios/status/1794737808269070432
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Thumbs Up pfp
Thumbs Up
@thumbsup.eth
And Bitcoiners butchered deflation to mean “not increasing any further, starting in about a century, and maybe losing the occasional seed phrase on a boating accident”
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links 🏴 pfp
links 🏴
@links
Inflation refers to blowing up a balloon. What you’re talking about is outflation
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binji 🔴 pfp
binji 🔴
@binji.eth
cognitive distortion at its finest obfuscation is how power is maintained hence why transparency for the powerful, privacy for the weak is such a strong and important concept when creating a more equitable system
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horsefacts pfp
horsefacts
@horsefacts.eth
Let me stop you right there
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Hunter Horsley pfp
Hunter Horsley
@hunter
hahaha “Inflation” has been repossessed
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William Saar pfp
William Saar
@saarw.eth
That's the original meaning according to the Cleveland Fed
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Ese 🌳 pfp
Ese 🌳
@esss
I mean it’s what’s really happening, if the usd was a memecoin it would be full of red ticks on dextools
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MattwithouttheT 🎩 pfp
MattwithouttheT 🎩
@mathew
But they don’t want the common person to know that the reason prices are so high, is because their supply increases made the dollar less valuable.
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Spaceman Spiff 🎩🍖 pfp
Spaceman Spiff 🎩🍖
@spaceman-spiff
Yeah, are taking the inflation meme back!
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millz.⌐◨-◨ pfp
millz.⌐◨-◨
@millz.eth
"Inflation is a gradual loss of purchasing power, reflected in a broad rise in prices for goods and services over time" - Investopedia Even with a fixed money supply, an increased demand for scarce goods and services would indeed be inflationary.
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not parzival pfp
not parzival
@shoni.eth
i feel this is a bit disconnected from normal people and the non-increase in pay they’ve faced during an increase in money supply. just high prices to them
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K pfp
K
@kijijij
Inflation is rate of increase for most useful items for livelihood. Increasing currency supply affects but if you print money to pay foreign debt should not affect local prices.
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Po pfp
Po
@petersie879
So true.
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callum pfp
callum
@csmit
I thought inflation was what happened when you blow air into a balloon? 😰
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Peter🎩 pfp
Peter🎩
@silencedogood.eth
Rising asset prices due to m2 growth is currency debasement, not inflation. Simply divide by Fed balance sheet to normalize. True inflation is rising consumer prices, including energy and housing, and without all the little adjustment tricks governments play over the years
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Nevs pfp
Nevs
@schrypt0s
Disinflation is the goat right now. “Guys things are great.. price (increases) are actually coming down. Yeah no prices aren’t coming down.. those are still going up … just slower than they were” High five. Go us. Recessions avoided. Economy running so hot right now.
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Eric Forgy pfp
Eric Forgy
@ericforgy
Crypto redefining the word "inflation" drives me nuts 🤣
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AP0̷LL0̷ pfp
AP0̷LL0̷
@apollodoge.eth
The world needs to listen to this man
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Aunt Homie pfp
Aunt Homie
@infinitehomie
Why are we claiming the word inflation? Is that the focus that we should have right now? (I know that’s likely not your concern, but) If people are concerned about being able to afford things, whether someone says that they’re struggling because of high costs or high prices, focused on the wrong thing.
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