3 ms·
While you can understand inflation that way, that strikes me as trying to figure out the forest by studying a single tree. Better to look up the treatment of it
by jerf 4y ago
While you can understand inflation that way, that strikes me as trying to figure out the forest by studying a single tree. Better to look up the treatment of it as the interaction of money supply and money velocity. I'm not saying this is a complete picture either, it's only the beginning of the process, but it's probably a better starting point than trying to start at something so micro and trying to work your way up to macro. Such a path is theoretically possible but long and filled with peril.