3 ms·
It's probably some of the culprit. But we've had 20% CPI since 2020, so it doesn't wholly explain everything in a "double the money, double the inflation" way.
by reducesuffering 2y ago
It's probably some of the culprit. But we've had 20% CPI since 2020, so it doesn't wholly explain everything in a "double the money, double the inflation" way. And a higher money supply doesn't mean that quality of life is worse either, since I'm sure you wouldn't want to go back to the 1930 US economy with vastly less money supply. If we could 2x the money supply again and get 1.1x goods & services for it, we should. Ultimately, I'm still not saying that recent inflation / money supply was good, just that you can't simply conclude that "because money supply went up, it's worse for people now."
- rayiner 2y agoNobody is saying that money supply itself is what’s bad. The problem is that increasing it too quickly caused inflation that’s pissing people off.