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@mh @seanongley @furgar true and false. true because you are correct that the houses would have gone up in value. false because it would have been in proportion of your wages so the ratio would have been the same.

its assessing GDP and one's ownership of production. the amount of production is measured with dollars but if one inflates the money supply, that denomination changes. its no big deal but those extra dollars are squandered so your ownership of production goes down.