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"Inflation is actually the increase in the money supply." NO. It is the cost of the goods. What people will pay. Inflation Contributors: 30% money supply 3

"Inflation is actually the increase in the money supply." NO. It is the cost of the goods. What people will pay. Inflation Contributors: 30% money supply 30% was corporations raised prices specifically under cover of people blaming the government. This was actually listed on earnings calls, for profit. 30% supply chain shortages.

_heimdall 2y ago
> It is the cost of the goods. What people will pay. No. Even in the modern definition I'm arguing against here, this isn't right. The cost of goods is just a number, inflation in the CPI sense would be the rate of change of prices. > Inflation Contributors: 30% money supply 30% was corporations raised prices specifically under cover of people blaming the government. This was actually listed on earnings calls, for profit. 30% supply chain shortages. Where's the last 10%? And how do you come up with such specific numbers? Economies are extremely complex, I don't believe you could have untangled them so precisely or that the numbers behind it would be so evenly distributed.
- FrustratedMonky 2y ago
  That is needlessly pedantic. You said Inflation was Money Supply, I said it was the cost of what you are buying. YES, technically it is the "change" in the cost of what you are buying. Congratulations. I assumed that was understood. Percentages. Nothing is exact. There are ranges, and really more than 3 factors. I was going off memory. Congratulations again on your discernment. More ball park: "" While pinpointing exact percentages for each contributing factor to inflation is complex and can vary significantly depending on the economic context, a breakdown of major contributors could include: high demand for goods and services (30-40%), supply chain disruptions (20-30%), labor cost increases (15-25%), rising energy prices (10-15%), government spending (5-10%), and currency devaluation (5-10%); however, these percentages should be interpreted as a general guide and not a definitive breakdown" The point is, it is not Biden's spending, that is just another misleading right wing talking point. (lie)

_heimdall 2y ago

> It is the cost of the goods. What people will pay. No. Even in the modern definition I'm arguing against here, this isn't right. The cost of goods is just a number, inflation in the CPI sense would be the rate of change of prices. > Inflation Contributors: 30% money supply 30% was corporations raised prices specifically under cover of people blaming the government. This was actually listed on earnings calls, for profit. 30% supply chain shortages. Where's the last 10%? And how do you come up with such specific numbers? Economies are extremely complex, I don't believe you could have untangled them so precisely or that the numbers behind it would be so evenly distributed.

FrustratedMonky 2y ago
That is needlessly pedantic. You said Inflation was Money Supply, I said it was the cost of what you are buying. YES, technically it is the "change" in the cost of what you are buying. Congratulations. I assumed that was understood. Percentages. Nothing is exact. There are ranges, and really more than 3 factors. I was going off memory. Congratulations again on your discernment. More ball park: "" While pinpointing exact percentages for each contributing factor to inflation is complex and can vary significantly depending on the economic context, a breakdown of major contributors could include: high demand for goods and services (30-40%), supply chain disruptions (20-30%), labor cost increases (15-25%), rising energy prices (10-15%), government spending (5-10%), and currency devaluation (5-10%); however, these percentages should be interpreted as a general guide and not a definitive breakdown" The point is, it is not Biden's spending, that is just another misleading right wing talking point. (lie)