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And you’ll also find that in the past 20 years the link between money supply and inflation hasn’t followed the orthodox model and the macroeconomics textbooks h
by zztop44 3y ago
And you’ll also find that in the past 20 years the link between money supply and inflation hasn’t followed the orthodox model and the macroeconomics textbooks have come under question by mainstream economists.
That said, it’s clear there was incredible asset inflation in the decades leading up to 2022, so it could be that an outsize proportion of the increased money supply simply ended up in the hands of rich people and homeowners.