detailed bitcoin FAQ

What is Inflation? Alas, you’ve been misinformed.

Unfortunately, in the United States, as well as in other countries, some people prefer to attribute the cause of inflation not to an increase in the quantity of money but, rather, to the rise in prices… 

But the fundamentals are precisely these: if you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit. 

-Ludwig von Mises

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