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Inflation causing price creep in coin prices?
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<p>[QUOTE="Cherd, post: 20897474, member: 24754"]I'd typically expect to see some lag with inflation showing up in the prices of collectables, as compared to things like food and material goods. However, it is inevitable that it shows up eventually. Inflation means that the value of the currency has decreased, therefore, if the item retains it's original value, more currency will be required in exchange.</p><p><br /></p><p>Our current issues with high inflation rates are occurring due to the boatloads of printed money that have been dumped into the economy since the start of the covid situation (direct payments, unemployment benefits, infrastructure bill, etc). This type of stimulation would usually occur by increasing the issuance of large loans at the top (businesses, rich people, etc). In this case, you would expect to see a delayed response with collectables, or maybe even a drop in prices (middle class has to choose between bread and coins).</p><p><br /></p><p>This time though, the money was distributed across all classes by mailing the lower/middle class checks and issuing forgivable loans to businesses. Due to these circumstances, the impact of inflation on coins actually preceded the affects on the rest of the economy (prices of collectables across the board spiked in 2020-21). This is what happens when everybody all the sudden has a few extra free bucks in their pocket while having nothing else to do because they can't leave their houses <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie67" alt=":nailbiting:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Cherd, post: 20897474, member: 24754"]I'd typically expect to see some lag with inflation showing up in the prices of collectables, as compared to things like food and material goods. However, it is inevitable that it shows up eventually. Inflation means that the value of the currency has decreased, therefore, if the item retains it's original value, more currency will be required in exchange. Our current issues with high inflation rates are occurring due to the boatloads of printed money that have been dumped into the economy since the start of the covid situation (direct payments, unemployment benefits, infrastructure bill, etc). This type of stimulation would usually occur by increasing the issuance of large loans at the top (businesses, rich people, etc). In this case, you would expect to see a delayed response with collectables, or maybe even a drop in prices (middle class has to choose between bread and coins). This time though, the money was distributed across all classes by mailing the lower/middle class checks and issuing forgivable loans to businesses. Due to these circumstances, the impact of inflation on coins actually preceded the affects on the rest of the economy (prices of collectables across the board spiked in 2020-21). This is what happens when everybody all the sudden has a few extra free bucks in their pocket while having nothing else to do because they can't leave their houses :nailbiting:[/QUOTE]
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Inflation causing price creep in coin prices?
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