you are viewing a single comment's thread.

view the rest of the comments →

[–][deleted] 6 insightful - 1 fun6 insightful - 0 fun7 insightful - 1 fun -  (0 children)

even though the USD seems to be unchanged by inflation (if I understand that concept correctly).

This utterly baffled economists in 2008/2009+. They were sure quantitative easing would destroy the dollar. Obviously it didn't and here's why- the USD is an absolute benchmark for value and commodity is fluid. Scarcity doesn't determines values, the fed does. Scary stuff.