Post
Topic
Board Politics & Society
Re: Federal Reserve sued for currency debasement
by
JimmiesForBitcoins
on 23/04/2013, 19:39:43 UTC
Sueing a monopolist for making something cheap  Roll Eyes
Price inflation is when things get more expensive, not less expensive. Unnatural monopolies (which arise as a result of government, in contrast to natural monopolies) result in higher prices and poor service, never lower prices.

wolongong says the lawsuit is complaining a monopolist, the US, made its product, the dollar cheaper. wolongong is correct and it's a funny reason to sue a monopolist.
Ah, they're thinking about it the other way. I'm not used to thinking of the dollar in that way. The dollar getting cheaper to me means the quality of the dollar's maintenance is suffering, though I know that's not technically the case. I view it as poor service, rather than cheaper product. I'll admit that I skimmed the OP though.

Point taken.