4 ms·
> An inflation of the money supply is by definition inflation. Not true. Inflation refers to changes in the price of goods in services, not changes in the mone
by aiyodev 6y ago
> An inflation of the money supply is by definition inflation.
Not true. Inflation refers to changes in the price of goods in services, not changes in the money supply. This is basic economics anybody who graduated high school should know.
- aww_dang 6y agohttps://wiki.mises.org/wiki/Inflation#Definitions https://wiki.mises.org/wiki/Inflation#Definitions https://en.wikipedia.org/wiki/Inflation#Austrian_view https://en.wikipedia.org/wiki/Inflation#Austrian_view https://en.wikipedia.org/wiki/Monetary_inflation https://en.wikipedia.org/wiki/Monetary_inflation https://blogs.wsj.com/economics/2011/05/13/inflation-definitions-through-the-ages/ https://blogs.wsj.com/economics/2011/05/13/inflation-definit... "Webster’ American Dictionary of the English Language, published by G&C Merriam Co. in 1864, was the first to formally define inflation as an economic term: undue expansion or increase, from over-issue; — said of currency." https://www.clevelandfed.org/en/newsroom-and-events/publications/economic-commentary/economic-commentary-archives/1997-economic-commentaries/ec-19971015-on-the-origin-and-evolution-of-the-word-inflation.aspx https://www.clevelandfed.org/en/newsroom-and-events/publicat... "its original meaning—a rise in the general price level caused by an imbalance between the quantity of money and trade needs"