“Structural inflation, the underlying cause is growth in the money supply on a sustained basis.. . If we see inflation on a persistent basis, it has to be because the money supply itself is also growing.” - nostr:nprofile1qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncpzdmhxue69uhhyetvv9ukzcnvv5hx7un8qy28wumn8ghj7un9d3shjtnyv9kh2uewd9hst62ahh w/ nostr:nprofile1qqsvfr3f7p95stxqrjslnmuvsmhcxxxqt8swjdfjx5tz7zq0yms5cygpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqgjwaehxw309ahkvenrdpskjm3wwp6kyg3w2us
Discussion
Inflation is desired. It keeps money in circulation.
Its interesting reading comments on YouTube videos discussing inflation and one or two Austrian economic followers leave a comment pointing to this truth only to be piled on by the hoard of kool-aid drinking Keynesians saying they’re wrong and that Google says inflation is the increase in prices...
That is true, not Easy to pass the message to the people, like on France the Financial Ă©ducation is very low
The baseline of inflation is not zero. Maybe it should be. From a couple years back the USA started using a years back using a year of high inflation as baseline. Other countries use a different basket of goods. Inflation then is not absolute truth, but dependant on who measures it. Country A could report 1% when if measured same basket and baseline could actually be higher. And as inflation measurement changes itself over years, it now seems more a tool of political nerative rather than truth.