Pricing is a function of both supply and velocity. Increasing money supply without any change in velocity or other exogenous factors is inflationary for asset

Pricing is a function of both supply and velocity. Increasing money supply without any change in velocity or other exogenous factors is inflationary for asset prices, etc. Real-life, however, is not a vacuum [0] [0]: https://fred.stlouisfed.org/series/M2V https://fred.stlouisfed.org/series/M2V