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No, I'm not. The idea that supply increase is inflation is a rejected Austrian economics concept with no basis in reality.
by arcticbull 5y ago
No, I'm not. The idea that supply increase is inflation is a rejected Austrian economics concept with no basis in reality.
- mr_spothawk 5y agoYes you are. Watch how i can simplify it for you... > The idea that inflation is anything other than an increase in the supply of money is an intentionally confounding theoretical device with no basis in reality.
- arcticbull 5y agoI mean it's straight-up wrong. The M2 supply in Japan tripled since 1990 and prices remained the same. Therefore your model is incomplete. If you have 1 burger that you'd pay $10 for, and someone makes a second burger, does that make each one worth $5? No, of course not.