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jon | 6 months ago (raw) | export | reply | flag 
 “There is no justification whatever for the widespread belief that variations in the quantity of money must lead to inversely proportionate variations in the objective exchange-value of money, so that, for example, a doubling of the quantity of money must lead to a halving of the purchasing power of money.”

— The Theory of Money and Credit (LvMI) by Ludwig von Mises
https://a.co/bfU0xeM

Up to this point I was understanding what Mises was explaining. But this quote seems to say that an increase in the quantity of money does NOT decrease purchasing power. If I’m understanding this correctly this would be completely contradictory to what I’ve come to understand through my dillegent research. 

@saifedean could you shed some scholarly light on this concept please. I really would appreciate your thoughts on this.
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saifedean | 5 months ago (raw) | root | parent | reply | flag +2 
 He's not saying it wouldn't decrease the purchasing power, he's saying the decrease would not be exactly inversely proportional to the increase in supply
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zaytun | 5 months ago (raw) | root | parent | reply | flag 
 good to see you on here man.
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jon | 5 months ago (raw) | root | parent | reply | flag 
 Thank you for explaining this Dr. Ammous.
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jon | 5 months ago (raw) | root | parent | reply | flag 
 Dr. @saifedean Ammous,

I believe I found further clarification on the question I asked of you. Mises explains here:

“For, in fact, the way in which an individual values a variation in the quantity of money at his disposal is by no means directly dependent on the amount of this variation; but we should have to assume that it was, if we wished to conclude that there would be a proportionate variation in the objective exchange-value of money. If the possessor of a units of money receives b additional units, then it is not at all true to say that he will value the total stock a + b exactly as highly as he had previously valued the stock a alone. Because he now has disposal over a larger stock, he will now value each unit less than he did before; but how much less will depend upon a whole series of individual circumstances, upon subjective valuations that will be different for each individual. Two individuals who are equally wealthy and who each possess a stock of money a, will not by any means arrive at the same variation in their estimation of money after an increase of b units in each of their stocks of money. It is nothing short of absurdity to assume that, say, doubling the amount of money at the disposal of an individual must lead to a halving of the exchange-value that he ascribes to each monetary unit.”

— The Theory of Money and Credit (LvMI) by Ludwig von Mises
https://a.co/jlQ4BWr