>>Literature or no literature, if the money supply increases, prices will increase unless efficiency improves faster. No. This is one of the pitfalls of econom

>>Literature or no literature, if the money supply increases, prices will increase unless efficiency improves faster. No. This is one of the pitfalls of economics: overly simplistic models that don't (can't) properly account for external factors, and assume everyone has perfect information and behaves rationally. The real world does not work that way.