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In reply to nl. Actual inflation is the expansion of the money supply and there has been a vast expansion in it since 2008. Where that extra money supply ends
by BallyBrain 7y ago
In reply to nl. Actual inflation is the expansion of the money supply and there has been a vast expansion in it since 2008.
Where that extra money supply ends up going, is where the inflation is.
- nl 7y ago"Inflation is a quantitative measure of the rate at which the average price level of a basket of selected goods and services in an economy increases over a period of time. It is the constant rise in the general level of prices where a unit of currency buys less than it did in prior periods" https://www.investopedia.com/terms/i/inflation.asp https://www.investopedia.com/terms/i/inflation.asp If you think he's using some alternative definition then you'll need to explain how silver protects against it.