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Any sources on this? "None at all" feels like a very bold claim when we've seen recently that a large increase to monetary supply does increase inflation.
by Baader-Meinhof 3y ago
Any sources on this? "None at all" feels like a very bold claim when we've seen recently that a large increase to monetary supply does increase inflation.
- Kinrany 3y agoUBI is orthogonal to increasing money supply, it's a single item in the budget among all others.
- coldtea 3y agoSingle budget item vs many items is an irrelevant distinction, if the size of the single item, or the distribution (everybody), and intended use (to people for buying stuff) disproportionally affects the average-person's money supply and thus the market.
- noughtme 3y agoDidn’t all the problems occur when COVID income supplements were canceled, and the private sector response to reduced demand was to raise prices to maintain profits?
- camillomiller 3y agoIt wasn’t monetary supply to individuals, it was an unusually lower price of debt. This is not what we’re talking about here. Moreover, it’s lower cost of debt/money paired with a black swan one of a kind pandemic shock event.