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I suspect it is quite possible that we can vastly increase the money supply in circulation without vastly effecting inflation. There have been a number of injec
by SubiculumCode 6y ago
I suspect it is quite possible that we can vastly increase the money supply in circulation without vastly effecting inflation. There have been a number of injections of money into the economy over the last decade or so, and inflation has been incredibly stable. Perhaps the world's ability today to rapidly ramp up production to meet increased demand helps keep prices relatively stable. It could be that the complexity in today's economy acts like what is seen in complex ecosystems, where relative stability of the overall ecosystem is maintained by all the built up ecological relations among species.
- brohee 6y agoInflation is only stable because financial assets and real estate are not accounted for properly IMHO.