Inflation is not about full employment or wages and prices. The root of inflation is simply that the money supply is larger than the products and services available. In the old days, if you stopped the presses at the Treasury, inflation becomes zero, followed by deflation. Today, it's all just numbers on computers. They just make it up. Inflation follows.
Panic 0 points 5 months ago
Inflation is not about full employment or wages and prices. The root of inflation is simply that the money supply is larger than the products and services available. In the old days, if you stopped the presses at the Treasury, inflation becomes zero, followed by deflation. Today, it's all just numbers on computers. They just make it up. Inflation follows.