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A moment's consideration would show that's too simplistic. Money available has been growing for years without any notable inflation. It's not like we all rush o
by hgomersall 4y ago
A moment's consideration would show that's too simplistic. Money available has been growing for years without any notable inflation. It's not like we all rush out to spend every bit of income we have, a fair amount gets saved which effectively neutralises it.
- konschubert 4y ago<Money available> is a simplification, yes: https://en.wikipedia.org/wiki/Money_supply https://en.wikipedia.org/wiki/Money_supply
- seanmcdirmid 4y agoA lot of the extra money was being plowed into real estate or the stock market, preventing inflation from happening elsewhere outside of the real estate or stock markets. Interest in saving accounts was too low for the money to just be saved.
- throwaway9870 4y agoSo has the goods available. I suspect China's ability to manufacture cheaply and in huge quantities has masked a lot of the increase in the numerator.