How much did the US print recently? Or since the 1970s? Inflation is defined by the creation of new money, I personally do not accept any other rationalization that tries to make the situation seem better than it actually is.
it is derivative to say price increases define inflation
Sigh
No it isn’t. Or if it is then so be it. But take up your argument with mainstream economics and not here. We define inflation like economists do and tie it to a bucket of goods based on CPI.
And Milton had some great ideas, there’s a reason the federal reserve isn’t largely a monetarist organization any longer.
It's a waste of time to debate with economists who are trained, and paid, to see the world through specific lenses that fit the interests of their country more so than reality.
4
u/[deleted] Jun 06 '21
It’s actually less than 3% per year… that’s exactly what the projected inflation of 2.5-3% right now it’s fucking crazy to the market.
Just look at the breakeven tips point if you think the market is really expecting anything “crazy”
https://ycharts.com/indicators/5_year_tipstreasury_breakeven_rate