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Thousands of years of pre Adam smith history where the concept of macroeconomics did not exist. Obviously a naive implementation of monetary expansion causes pr
by colinmhayes 4y ago
Thousands of years of pre Adam smith history where the concept of macroeconomics did not exist. Obviously a naive implementation of monetary expansion causes price inflation, that doesn’t mean a well implemented monetary expansion does though.
- WalterBright 4y agoThe Law of Supply & Demand is there whether it is recognized or not. > that doesn’t mean a well implemented monetary expansion does though Then none of them are well implemented, because all examples of fiat money exhibit endemic inflation. The reason is straightforward - the whole point of a fiat money system is to inflate it.
- colinmhayes 4y agoThe decade following 08 had exactly the goal inflation even though there was unprecedented monetary expansion.