It boggles me how there can _not_ be a cause-effect between printing money and inflation.
Is it linear? No.
Is it the only possible cause? No.
Is it a cause? I think the obvious answer is yes, but obvious answers have been wrong before.
Is it linear? No.
Is it the only possible cause? No.
Is it a cause? I think the obvious answer is yes, but obvious answers have been wrong before.
Look at the stock market and real estate and tell me there's no link between the money printing and inflation.
Helicopter money (1) does cause inflation, but the reason that the inflation has been stubbornly low for a decade is precisely because the central banks are forbidden from doing helicopter money
When was the last time the Federal Reserve balance sheet went down? [0] And if it's of equal value, why doesn't someone want to buy it from them?