> So the increase of money supply, taken as a measure by itself, is a meaningless number. The M2 money supply has been diluted by 40% over the past year. The p

> So the increase of money supply, taken as a measure by itself, is a meaningless number. The M2 money supply has been diluted by 40% over the past year. The population has not meaningfully changed over the past year. Official inflation is running at 5.6% (almost 3x the target) and un-official measures range from 12-20%. All other things being equal inflating the money supply absolutely has a disproportionate effect on inflation.