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

submitted 1 week ago by [email protected] to c/[email protected]

17 comments fedilink hide all child comments

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 1 week ago* (last edited 1 week ago) (1 children)

"How come pennies are cheap, but I need a lot of them to buy a car?"

The less something is worse, the more of it you'll need to match the value of products and buy them.

[–] [email protected] -1 points 1 week ago

the more