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How can money be both devalued and expensive? (lemmy.ml)

submitted 2 months ago by [email protected] to c/[email protected]

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An acquaintance who works in finance said that the USD was devalued during COVID but hasn't yet experienced much inflation except in household goods because money is still expensive. What does that even mean? How can money be expensive? And how does that differ from being valued/devalued?

I would think "money is expensive" means something along the lines of "there isn't much liquid cash", but I thought the money injected into the economy was liquid cash.

Would someone more into finance/trading than me explain how this is possible? Thanks!

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[–] [email protected] 2 points 2 months ago (1 children)

It's all fake. Literally. Its made up. It only exists to the extent we all participate in the con.

Grow a garden. Trade with your neighbors.

Fuck the banks. Focus on your village.

[–] [email protected] 3 points 2 months ago

Was just thinking, MMT for a small portion of the populace, austerity economics for everyone else. But we can do better, for our own and global neighbors.