3 ms·

All inflation is a direct consequence of monetary policy

• chii 4y ago
  not sure of you can categorically claim this - why did inflation in the 70's oil crisis happen?
• lumost 4y ago
  Or is it? we really have very few experiments to determine this. War can certainly cause both inflation, and deflation. While monetary policy can adapt to an extent, it's unclear that it's the primary driver of inflation in all circumstances.
• francisofascii 4y ago
  Monetary policy is a factor, but definitely not the only factor. Supply shock inflation is pretty common throughout history.