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Even that is a problematic take on it, because you ignore savings and what MVPQ people call the "velocity of money". When firms like Apple sit on hoards of cas
by nhaehnle 13y ago
Even that is a problematic take on it, because you ignore savings and what MVPQ people call the "velocity of money".
When firms like Apple sit on hoards of cash, the amount of currency can grow quite a bit faster than the economy without inflation.
- philwelch 13y agoYeah, the actual definition relies solely upon whether prices rise or fall in aggregate, for reasons that can be solely attributed to monetary factors. Which is a bitch to figure out, because you have all these libertarians screaming about how gasoline and groceries are more expensive, therefore inflation, when really it's because petroleum is expensive.