3 ms·
inflation is never a monetary phenomenon, always an overspending problem, the supply of money only matters insofar as it is being spent on output -- if the gov'
by kaonashi 6y ago
inflation is never a monetary phenomenon, always an overspending problem, the supply of money only matters insofar as it is being spent on output -- if the gov't prints $trillion and buries it in the desert, the price of goods isn't going up