> Who's using intuition now? Stagflation in the 70's is a pretty jarring counter-example. My wording wasn't clear. I meant for price rises to necessarily be th

> Who's using intuition now? Stagflation in the 70's is a pretty jarring counter-example. My wording wasn't clear. I meant for price rises to necessarily be the case for any rise in the monetary supply, by the PY = MV identity. Of course inflation is still still possible when the economy is not at full capacity or full employment.