3 ms·
I see you've moved past trying to argue what the definition of inflation is so I can only assume you've agreed me with. So to move on to your new topic, there
by lesuorac 3y ago
I see you've moved past trying to argue what the definition of inflation is so I can only assume you've agreed me with.
So to move on to your new topic, there is a framing problem here. There does not need to be extra money during a period with inflation.
If I had $100 dollars and potatoes are $2 and a car is $50 I can get 25 potatoes and 1 car.
If the costs of a car increases to $80 I can get 10 potatoes and 1 car. Inflation has occurred and I haven't done any changes to the money supply here.
And then of course, Inflation isn't a new word post-Bretton Woods; there was inflation when people used gold as currency.