My point was that simply increasing the money supply may or may not result in objective inflation over modest timescales.
It certainly usually does, because foolish things are more politically popular than effective things. But it doesn't have to be so.
My point was that simply increasing the money supply may or may not result in objective inflation over modest timescales.
It certainly usually does, because foolish things are more politically popular than effective things. But it doesn't have to be so.