Saturday, August 6, 2022

Inflation: Last Week Tonight with John Oliver

People tend to blame everything except the fiat currency.  The technical definition of inflation is an increase in the money supply, not price increases.  From January 2020 to December 2021, the Money Supply went up 40%.  Although the effect is not immediate, we should be looking for a 40% increase in prices as a result, or at least close to it.

https://www.youtube.com/watch?v=MBo4GViDxzc

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