jaichind
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Political Matrix
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« on: June 08, 2022, 07:29:45 AM » |
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It is not just money supply but also the velocity of money. In 20202-2021, the massive monetary stimulus also occurred at the same time in the collapse of the velocity of money (people are not spending them because they are locked up in their homes) so inflation was under control.
Now that the velocity of money is rising again there is an inflationary surge.
Note that during the 2008-2009 crisis due to massive private sector deleveraging various central banks pumped up the money supply to counter that money implosion and as a result there was no inflationary surge many on the Right, including myself, warned would come.
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