First, let’s define inflation… (Non-monetary inflation (supply-chain issues) + Monetary inflation (increase in money supply)) - GDP Growth = Price inflation (increase in overall prices) The Left tends to focus on non-monetary inflation because it’s easier to increase government spending when you can blame rising prices on “profiteering” and Putin.
What is the best inflation rate?
What is the best inflation rate?
First, let’s define inflation… (Non-monetary inflation (supply-chain issues) + Monetary inflation (increase in money supply)) - GDP Growth = Price inflation (increase in overall prices) The Left tends to focus on non-monetary inflation because it’s easier to increase government spending when you can blame rising prices on “profiteering” and Putin.