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Inflation happens when the money supply increase faster than the wealth in the economy. In the century before the Fed controlled the money supply, there was ze
by skookumchuck 8y ago
Inflation happens when the money supply increase faster than the wealth in the economy.
In the century before the Fed controlled the money supply, there was zero net inflation. There was no US government economic policy, either.
- anticensor 8y agoThere was a different kind of inflation, which is also real, before central banks, so no.
- skookumchuck 8y agoExplain, please. Net inflation 1800-1914 was zero. (The gold rushes produced inflation, for the same reason that the Fed printing money does.)