TEB2048 on Nostr: Sorry, but inflation is commonly defined as a general increase in prices. See here ...
Sorry, but inflation is commonly defined as a general increase in prices. See here and many other sources:
https://www.economicshelp.org/macroeconomics/inflation/definition/
What you are talking about is a monetary base increase-that is not inflation.
You can have monetary base increases that can result in lower prices (deflation) stable prices, or higher prices (inflation) depending on the growth in goods and services being higher, the same as, or lower than the monetary base increase.
If there is $1 in circulation and one oranges are produced, and the next year there are $2 in circulation, but 4 oranges are produced, clearly the purchasing power of the $ went up, not down, even with a monetary base increase.
https://www.economicshelp.org/macroeconomics/inflation/definition/
What you are talking about is a monetary base increase-that is not inflation.
You can have monetary base increases that can result in lower prices (deflation) stable prices, or higher prices (inflation) depending on the growth in goods and services being higher, the same as, or lower than the monetary base increase.
If there is $1 in circulation and one oranges are produced, and the next year there are $2 in circulation, but 4 oranges are produced, clearly the purchasing power of the $ went up, not down, even with a monetary base increase.