Post
Topic
Board Economics
Re: Inflation and Deflation of Price and Money Supply
by
kjj
on 20/02/2015, 04:58:09 UTC
Since price determines value, and price instability destroys wealth, quantity is subservient, used only to maintain a stable price level.

Ok, so you manipulate the quantity of money to stabilize the price of eggs and now the world is happy.  Oh, but the price of milk is now insane.