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the definition doesn't but
Posted on: February 2, 2024 at 15:33:06 CT
o'lineydisciple MU
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Sure, the *definition* of inflation has nothing to do with the supply of money, but the *measure* of it surely does.
The supply of money is one of the 3 principal things that affects inflation, along with the amount of goods/services produced and the velocity of money being spent.
The supply of money arguably being the one thing that's the easiest to alter. In 2020 we shut things down, thus reducing the amount of goods/services produced and simultaneously rapidly increased the money supply. A perfect storm for higher inflation.
The supply of money is one of the 3 principal things that affects inflation, along with the amount of goods/services produced and the velocity of money being spent.
The supply of money arguably being the one thing that's the easiest to alter. In 2020 we shut things down, thus reducing the amount of goods/services produced and simultaneously rapidly increased the money supply. A perfect storm for higher inflation.
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the definition doesn't but - o'lineydisciple MU - 2/2 15:33:06