What GP means is presumably, $1 trillion may be say 0.00x% of the monetary supply back in 2007. But today, $1 trillion may only be 0.000x% of the monetary supp

What GP means is presumably, $1 trillion may be say 0.00x% of the monetary supply back in 2007. But today, $1 trillion may only be 0.000x% of the monetary supply today. It’s true that government measures of inflation has been fairly low. But those measures (since the 2000s) have been hedonstically adjusted; meaning say a laptop that’s 10% faster is considered 10% cheaper even if the price is the same.