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There is also the old debate between monetary inflation and price inflation. Monetary inflation being the fact of just printing money and used to be what you re
by hartator 5y ago
There is also the old debate between monetary inflation and price inflation. Monetary inflation being the fact of just printing money and used to be what you refer to in economics books when you just say “inflation”.
- SkyMarshal 5y agoYes that term does seem to get commingled with different meanings. Increasing money supply vs increasing prices seem to be the main ones. The former usually results in the latter, but not always, and sometimes with lag. And sometimes prices can rise without an increase in the money supply, for other reasons - a decrease in supply, an increase in demand due to some other factor than monetary inflation, etc. And that's not to mention the different measurements of money - M0, M1, etc. - as subsets of monetary inflation. I wish economists and journalists would better differentiate by using "monetary inflation", "price inflation", and/or other qualifiers for exactly which one they're talking about.