SpyMasterTrades on Nostr: The Bank of Canada is now blaming inflation on... population growth. Central banks ...
The Bank of Canada is now blaming inflation on... population growth.
Central banks always need a scapegoat for the inflation that they cause by printing excessive fiat currency. As Milton Friedman said: “Inflation is always and everywhere a monetary phenomenon... it is and can be produced only by a more rapid increase in the quantity of money than in output.”
#Inflation / #BTC / #Bitcoin / #CentralBank / #Housing
Central banks always need a scapegoat for the inflation that they cause by printing excessive fiat currency. As Milton Friedman said: “Inflation is always and everywhere a monetary phenomenon... it is and can be produced only by a more rapid increase in the quantity of money than in output.”
![](https://m.primal.net/HZCf.png)
#Inflation / #BTC / #Bitcoin / #CentralBank / #Housing