True for all national currencies but hardly for the world-reserve-currency. Here you have the following reality instead:
> generally as the supply of dollars goes up, the price of a loaf of bread goes hardly up in any noticable way, financial assets / Silicon Valley valuations / houses go up significantly (so the country thinks they got "wealthier"), and bread-loaf prices in USD-aligned weak-currency/underdeveloped/perpetually-"emerging" economies go up quite significantly
Not to worry, dollar supply inflation greatly delays consumer price inflation on your shores thanks to the massive oversupply of USD already circulating all over the globe, looking to find a way "home" ;)
> True for all national currencies but hardly for the world-reserve-currency.
If the dollar ever started to inflate like crazy, I bet it wouldn't stay the world reserve currency for long. Also, keep in mind that some of the larger countries have been looking for alternatives (like the EUR) for years.
Partly true, but we're also talking hypothetical here, as in "why don't we just print the basic income" -- "bread would get pricier" -- "in a normal national currency, yes very quickly, but in a global reserve currency, with substantial delay".
The price of break can start going up even before money is printed. World reserve currency status is due to the fact that historically US Dollar was a very safe and reliable storage of wealth. As soon as talks of printing more money start circulating, people outside of US will start selling USD and buying EUR/Chinese Yuan/Bitcoins/local currency. Due to that, US Dollar exhchange rate can collapse and price of bread will definitely go up.
There is some flexibility - trust in USD is still very strong and US can print quite a bit before negative cycle kicks in but it defintely could not print as much as needed to make everyone rich.
> generally as the supply of dollars goes up, the price of a loaf of bread goes hardly up in any noticable way, financial assets / Silicon Valley valuations / houses go up significantly (so the country thinks they got "wealthier"), and bread-loaf prices in USD-aligned weak-currency/underdeveloped/perpetually-"emerging" economies go up quite significantly
Not to worry, dollar supply inflation greatly delays consumer price inflation on your shores thanks to the massive oversupply of USD already circulating all over the globe, looking to find a way "home" ;)