> I thought it means when you increase the money supply the purchasing power of one dollar goes down. This is the view of right-leaning folks, most famously by

> I thought it means when you increase the money supply the purchasing power of one dollar goes down. This is the view of right-leaning folks, most famously by Milton Friedman. It turns out to not be accurate as even Friedman realized (Financial Times (UK), June 7, 2003): > The use of quantity of money as a target has not been a success. I'm not sure that I would as of today push it as hard as I once did. * https://en.wikipedia.org/wiki/Monetarism https://en.wikipedia.org/wiki/Monetarism