It's much more complicated than that. For example, "printing money" doesn't necessarily expand the money supply [1], since the money supply isn't composed excl

It's much more complicated than that. For example, "printing money" doesn't necessarily expand the money supply [1], since the money supply isn't composed exclusively of central bank-issued money. And then there are other variables at play. [1] https://lazardfreresgestion-tribune.fr/wp-content/uploads/2020/09/graph-1-angl-semaine.png https://lazardfreresgestion-tribune.fr/wp-content/uploads/20...