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Technically it's "stagflation."
Stagnant economy with inflated currency supply. Inflation is currency supply plus velocity of that supply. Stagflation is increased currency supply with reduced velocity in the economy. "Covid" gave them a stagnant economy while they inflated the currency.
Technically it's "stagflation."
Stagnant economy with inflated currency supply. Inflation is currency supply plus velocity of that supply. Stagflation is increased currency supply with reduced velocity in the economy. "Covid" gave them a stagnant economy while they inflated the currency.
you are correct. and if velocity picks up, prices will run sky high. technically inflation is expansion of the money supply, not price increases. the dictionary definition changed in the late 60s to also include price hikes. which is convenient for the money exchangers.
you are correct. and if velocity picks up, prices will run sky high. technically inflation is expansion of the money supply, not price increases. the dictionary definition changed in the late 60s to also include price hikes. which is convenient for the money exchangers.
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