3 ms·
If you use Milton Friedman's (IMO, most-correct) definition of inflation as 'expansion of the currency supply' then Gold has actually tracked USD inflation extr
by rphlx 13y ago
If you use Milton Friedman's (IMO, most-correct) definition of inflation as 'expansion of the currency supply' then Gold has actually tracked USD inflation extremely well, and the rate is far higher than the CPI.