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To be clear, inflation is not a function of money printing. For example, under metallic standards (so no money printing), countries would experience inflation
by lottin 5y ago
To be clear, inflation is not a function of money printing. For example, under metallic standards (so no money printing), countries would experience inflation or deflation as a result of trade imbalances (because a trade deficit leads to a net outflow of precious metals, and vice-versa).
- anythingdude321 5y agometallic standards often had debasement (that's why it's called debasement). but also no one is arguing that inflation is a function of ONLY money printing, but no one can argue that money printing is not one of the inputs that determines inflation