4 ms·
Inflation is not defined as the expansion or contraction of the money supply. I'm sorry but what you wrote makes no sense.
by staticman2 4y ago
Inflation is not defined as the expansion or contraction of the money supply. I'm sorry but what you wrote makes no sense.
- georgeplusplus 4y agoSorry I can't explain it any better. Try reading Milton Freedmans work. Inflation was going up well before the Russian invasion and sanctions. So I believe the covid stimulus, i.e literally money printing to be the main driver of it, and exacerbated further by supply shocks. Otherwise I would expect to see Core CPI come down.