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the "too few goods" part is what confuses you, apparently

Posted on: September 8, 2022 at 10:59:30 CT

ashtray UF

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M.O.B. Votes:

if supply of goods is the same and an increase in the money supply artificially inflates demand, there are "too few goods" even without a decrease in that supply. The supply chain issues exacerbated the price of goods, on top of the inflation.

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MESSAGE THREAD

Inflation: State-Sponsored Terrorism - pickle MU

- 9/8 09:41:40

Very good read (nm) - MIZ45 MU - 9/8 12:17:51

Good article---thanks for posting - mu7176grad MU - 9/8 11:22:51

excellent article/essay (nm) - zounami MU - 9/8 09:59:51

Yes Pickles - Good Article - Catturd USMC - 9/8 10:17:21

good to see you’ve come around - pickle MU

- 9/8 10:03:29

lol, from the article you posted: "Inflationism is... - zounami MU - 9/8 10:05:42

Inflationism vs. Inflation. (nm) - ummmm MU - 9/8 10:14:40

pay closer attention - pickle MU

- 9/8 10:10:03

I *never* said the money supply isn't a big factor.... - zounami MU - 9/8 10:16:55

it’s the only factor. it is the definition - pickle MU

- 9/8 10:21:14

here we go again... you need to update your dictionary - zounami MU - 9/8 10:26:41

sigh, no (nm) - 90Tiger STL - 9/8 17:05:21

incorrect. price increases are a result of inflation (nm) - pickle MU

- 9/8 10:52:06

you're proving my point (nm) - zounami MU - 9/8 10:54:53

a rise in demand isn't inflation - ashtray UF - 9/8 10:33:16

I never said it was. (nm) - zounami MU - 9/8 10:33:57

you are implying that any increase in prices is inflation - ashtray UF - 9/8 10:35:25

not implying that, either (nm) - zounami MU - 9/8 10:35:50

so if it's not *just* about the money supply - ashtray UF - 9/8 10:37:21

it's about supply and demand, and demand is typically - zounami MU - 9/8 10:42:54

no (nm) - pickle MU

- 9/8 10:52:41

no, it has nothing to do with supply/demand - ashtray UF - 9/8 10:43:45

wrong... the "inflation" we're seeing today is due to an - zounami MU - 9/8 10:49:07

stop confusing inflation with price - meatiger MU - 9/8 10:55:21

I'm not... these semantic arguments about the old/classical - zounami MU - 9/8 11:04:46

they didn't change the meaning - ashtray UF - 9/8 11:15:20

I never said they did, I was quoting meatiger... - zounami MU - 9/8 11:27:16

the term has only changed for the ignorant - ashtray UF - 9/8 11:30:50

no, only *morons* haven't realized that economists use the - zounami MU - 9/8 11:31:59

not a good economist - ashtray UF - 9/8 11:33:53

nobel laureates in economics use the term that way now (nm) - zounami MU - 9/8 11:35:05

not all of them and nobel laureates also claim that climate - ashtray UF - 9/8 11:36:04

"due to an increase in the money supply" - ashtray UF - 9/8 10:54:38

Not sure I completely agree with you on that - meatiger MU - 9/8 10:57:27

you should (nm) - ashtray UF - 9/8 11:00:18

"too much money... CHASING TOO FEW GOODS" (nm) - zounami MU - 9/8 10:56:05

no (nm) - pickle MU

- 9/8 11:03:15

the "too few goods" part is what confuses you, apparently - ashtray UF - 9/8 10:59:30

btw, there's no "confusion" only a semantic argument... - zounami MU - 9/8 11:12:06

"if supply of goods is the same"... you just defeated your - zounami MU - 9/8 11:06:11

no, you're just really confused - ashtray UF - 9/8 11:13:57

once again, you have no clue what you're talking about (nm) - zounami MU - 9/8 11:28:00

lol... arrogant ignorance is always good for a laugh (nm) - ashtray UF - 9/8 11:31:29

you're a classic example of the Dunning-Kruger Effect (nm) - zounami MU - 9/8 11:33:13

wow! project much? (nm) - ashtray UF - 9/8 11:34:33

no, just stating a fact (nm) - zounami MU - 9/8 11:35:33

I'm sure you think you are - ashtray UF - 9/8 11:37:13

no (nm) - pickle MU

- 9/8 10:52:55

it's literally stated in the article/essay *you* posted (nm) - zounami MU - 9/8 10:54:13

it isn’t (nm) - pickle MU

- 9/8 10:55:31

Everyone should read this. (nm) - ummmm MU - 9/8 09:59:09