You wouldn't think that printing money leads to a stronger currency
Money isn't a commodity, and that's why the Monetarist view is so off.
Inflation is never caused by a decline in the value of money, but it can cause a decline in the value of money, just not in every conditions (and with central banks raising interest rates when there's inflation, in practice it has the opposite effect)
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Money isn't a commodity, and that's why the Monetarist view is so off.
Inflation is never caused by a decline in the value of money, but it can cause a decline in the value of money, just not in every conditions (and with central banks raising interest rates when there's inflation, in practice it has the opposite effect)