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Inflation was a very specific term
Posted on: February 2, 2024 at 15:17:42 CT
meatiger MU
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the supply of money.
Somehow costs of goods interfered with that.
One thing that gets missed is that people do not buy the exact same thing constantly. They trade down or up depending on their personal economics. They may also delay some purchases.
The traditional definition is very easy. But since governments love to print money, they changed the definition to costs, in which they can assign factors other than supply of money to blame the higher costs for.
Somehow costs of goods interfered with that.
One thing that gets missed is that people do not buy the exact same thing constantly. They trade down or up depending on their personal economics. They may also delay some purchases.
The traditional definition is very easy. But since governments love to print money, they changed the definition to costs, in which they can assign factors other than supply of money to blame the higher costs for.
Please explain why this message is being reported.
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Inflation was a very specific term - meatiger MU - 2/2 15:17:42