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Except historically there have been periods where increasing the money supply hasn't driven up inflation particularly (because most of the increased supply was
by wizofaus 3y ago
Except historically there have been periods where increasing the money supply hasn't driven up inflation particularly (because most of the increased supply was used to fund increases in productive output) and times where high inflation has been triggered without any significant increase in money supply (often due to unusual factors restricting supply of key goods/services). But at a sufficiently large scale, then sure, inflation will tend to follow money supply. But arguably such baseline inflation is largely a reflection of the fact that the overall output of the economy has grown, and not any indication of general decreased affordability.