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> but once inflation goes back to normal you mean, once the "inflation number" goes back to normal. Inflation (supply of money) has been high [0] for literall
by AndrewUnmuted 5y ago
> but once inflation goes back to normal
you mean, once the "inflation number" goes back to normal.
Inflation (supply of money) has been high [0] for literally decades. It won't get lower for a long time. It may never EVER go "back to normal." Normal would put us in a very bad macroeconomic position relative to all other nations. Why would we, the purveyor of the Petrodollar, do that?
[0] https://fred.stlouisfed.org/series/WM2NS https://fred.stlouisfed.org/series/WM2NS
- iknowicouldturn 5y agoInteresting. Are the inflation rate and inflation not causal with one another? I feel a bit ignorant now having always assumed they are essentially the same thing. Amount of new money printed.
- mindslight 5y agoI find it useful to refer to "price inflation", "monetary inflation", and "asset inflation" to distinguish between them all. Monetary inflation may or may not create asset inflation and or price inflation depending where it flows.