3 ms·
Ok, here's my problem: if I go get the US currency volume rates from 2001 to 2023, I get an expected increase in currency of ~7.2%/annum (there are some 5% year
by thechao 4y ago
Ok, here's my problem: if I go get the US currency volume rates from 2001 to 2023, I get an expected increase in currency of ~7.2%/annum (there are some 5% years; mostly 6.5%s; and, one 15% year). This means the total volume of US currency has grown by a factor of 3.57x from 2001 to 2023. However, over the same time, the CPI has only increased by a factor of ~1.78x. I feel like if "printing money = inflation" then inflation should be more like ... 3.5x?
Maybe ... currency-printing equates to 1/2 its value in inflation. I think that makes for a really complicated story where "printing money" creates values out of thin air? In that sense, doesn't that mean "printing money is good"?