Thank you for calling that out, I agree, which is why I mentioned "supply inflation" and "supply deflation." To your point, that's only 'inflation' in the Austr

Thank you for calling that out, I agree, which is why I mentioned "supply inflation" and "supply deflation." To your point, that's only 'inflation' in the Austrian sense which I personally couldn't disagree with more. After all the M2 supply grew 15X since the 1970s but inflation only decreased the buying power to 1/7th so the fact they're equal seems trivially disprovable.