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I'm sorry but you are wrong. Inflation is nothing but the increase of money supply without an equivalent increase in production. What you are doing is being a
by innguest 12y ago
I'm sorry but you are wrong. Inflation is nothing but the increase of money supply without an equivalent increase in production.
What you are doing is being a good Keynesian and trying to make people believe that this stuff is too complicated for them to even start having an opinion on it. That strategy is condescending and not productive, and encourages helplessness in people.
- lowboy 12y ago> Inflation is nothing but the increase of money supply without an equivalent increase in production Wouldn't that mean that inflation would also be caused by a decrease in production without an equivalent decrease in the money supply?
- czr80 12y agoYes. Google "stagflation".
- _delirium 12y agoThe view that inflation is not solely driven by money supply is hardly limited to Keynesians. Especially since the 1990s, neoclassical economists also typically include other factors in their models, in part because a single-variable model doesn't appear to be empirically correct.