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iLLaGeViDioT

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  1. Informative
    iLLaGeViDioT got a reaction from adarw in how is a currency valued?   
    It's incredibly complicated since the departure from the gold standard.  GDP is huge, but not necessarily the reason for the value of currency, as is oil.  The amount of money in circulation is also a huge determining factor over its worth.  However, the marketplace almost completely dictates what the value of the dollar is, and that's where it tends to get complicated. A major oversimplification would be that if there is no supply, our money doesn't go as far, and the value of our dollar decreases due to increasing costs.   I'll tell you this much, with the risk of starting an argument about covid (to give an example of supply dictating value, and also how much money is in circulation being a large determining factor), locking down our entire global market and paying people for staying home has created a bubble that will eventually collapse be it sustainably, or catastrophically.  There's really no way to know, but in my opinion it trends further towards the latter.  Governments across western society are printing money on an unprecedented scale, exacerbating the issue.  Look at the major price increases from food, to computer parts.  Whether or not it should have been what we did isn't the point here, the point is that's what we did, and I think that the problem is far more than minimum wage increases can handle at this point.    
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