Note: This is an unedited draft section from my inflation text. To what extent it depends upon observed behaviour, those figures will appear in another section (that needs to be written). In a lot of financial market commentary – and even in the output of some academics – one might often see discussion of “money printing” in the context of inflation. Although this section explains why the concept is not meaningful, these references do serve a purpose: they are a signal that the reader can stop taking the person invoking “money printing” seriously.
Money Printing (Sigh)
Money Printing (Sigh)
Money Printing (Sigh)
Note: This is an unedited draft section from my inflation text. To what extent it depends upon observed behaviour, those figures will appear in another section (that needs to be written). In a lot of financial market commentary – and even in the output of some academics – one might often see discussion of “money printing” in the context of inflation. Although this section explains why the concept is not meaningful, these references do serve a purpose: they are a signal that the reader can stop taking the person invoking “money printing” seriously.