RE: https://mastodon.acm.org/@nobody/116731716307445815
TIL the word "dilution":
Currency is a stock. Currency holders are shareholders, investors. Dilution is when a bank issues a loan, reducing the investors' share.
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@nobody people got kinda upset when i pointed out if you track the buying power of a boomer across all the times the fed has doubled the currency supply, minimum wage should be like 30-50$/hr by now.
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