We can have an economy of gold into which seeps a supply of pyrite. This is very good for the person who issues the fool’s gold because they get extra value for nothing. No one notices the difference which is why the pyrite trades at parity with the real gold.
Eventually there is so much fool’s gold (pyrite) that it causes significant price inflation... this process is sustainable even when the real gold is only a fraction of the overall money supply. Still people will not notice.
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