I wonder if the economists intentionally decided to assign 2 different meanings to the word inflation to sow confusion. Inflation can mean prices going up. It can also mean money supply increasing.
I think we need a new word to describe prices going up.
You can read more about it here:
It was absolutely intentional; "price inflation" wasn't common & persistent before the 1970s. Banks didn't want folks reading into the money supply.
It doesn't even make sense. Look a baloon expanding (like money supply) and a baloon rising (like prices) and tell me with a straight face that inflation is the latter! 🤣
