• unfreeradical@lemmy.world
    link
    fedilink
    English
    arrow-up
    2
    ·
    1 year ago

    Devaluation is not a cost.

    It is, however, a consequence of expanding the money supply.

    In turn, however, expansion of supply is not a threat, because of the various capacities for the government to withdraw money, as through taxation, or central bank policy.