Oddbean new post about | logout
 Let’s do a little though experiment - you have 1m in cash, the rest of the world together has 1m (you are obviously very wealthy in this system with 50% of all cash). A further 1m of cash is injected into the system (to solve some fictitious problem) - your net worth drops to 33% instantaneously and everything gets 50% more expensive! Fiat clown world 

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