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I had to Goog it, but I guess you're questioning whether I refer to... https://en.wikipedia.org/wiki/Monetarism https://en.wikipedia.org/wiki/Monetarism I gues

by tunap 13y ago

I had to Goog it, but I guess you're questioning whether I refer to... https://en.wikipedia.org/wiki/Monetarism https://en.wikipedia.org/wiki/Monetarism I guess so, I am not an economist. That seems to be the cycle repeated since the dawn of human interactions, however. With scarcity comes demand, market sets price... and the rest of the spiel. A game that has been gamed long before we came along, but yeah, that seems to be how it works historically.

alexeisadeski3 13y ago
Your previous post claims that guaranteed minimum income may cause inflation. I replied with a quote that inflation is always and everywhere caused by monetary changes. My point thus being that a guaranteed minimum income would not cause inflation. Prices change in response to market forces, yes. But micro price changes are not inflation. Inflation is a macro level phenomenon, caused "always and everywhere" by monetary changes (debasement etc).