First, from one of the leading economists in all of human history: https://mises.org/mises-wire/what-inflation-really-means#:~:text=Ludwig%20von%20Mises%20however%2C%20held%20that%20the%20popular,the%20quantity%20of%20bank%20deposits%20subject%20to%20check. Inflation, as this term was always used everywhere and especially in this country, means increasing the quantity of money and bank notes in circulation and the quantity of bank deposits subject to check. But people today use the term ‘inflation’ to refer to the phenomenon that is an inevitable consequence of inflation, that is the tendency of all prices and wage rates to rise. The result of this deplorable confusion is that there is no term left to signify the cause of this rise in prices and wages. There is no longer any word available to signify the phenomenon that has been, up to now, called inflation.
You got that, goose steppers? Inflation is INCREASING THE QUANTITY OF MONEY AND BANK NOTES IN CIRCULATION.
Inflation is an increase in the quantity of money without a corresponding increase in the demand for money, i.e., for cash holdings.
Okay, class. (Assuming there's anyone here who made it to middle school status.) There is such a thing as the money supply. https://www.investopedia.com/terms/m/moneysupply.asp The money supply is the sum total of all of the currency and other liquid assets in a country's economy on the date measured. The money supply includes all cash in circulation and all bank deposits that the account holder can easily convert to cash.
(You uneducated goose steppers probably never heard of this.)
Sudden increases in the money supply without production leads to INFLATION.
If the money supply increases faster than output then, ceteris paribus, inflation will occur. If a government prints extra money, households will have more cash and more money to spend on goods. But, if the amount of goods stays the same, the extra cash will just cause firms to put up prices.
But several experts blamed Biden's own actions on the persistent inflation levels. They noted that he has pushed several massive spending packages, namely the American Rescue Plan and Biden's $1.9 trillion COVID-19 stimulus package which have sunk the nation deeper into debt. "Of course, you're going to have inflation when Congress and the president are signing trillions of dollars in new spending and, again, pushing up annual deficits to $2 trillion a year. This is textbook expansionary fiscal policy. The harder the White House hits the gas on fiscal policy, the harder the Fed is going to have to hit the brakes on monetary policy. That just means higher interest rates and more pain for a lot of families."
Bottom line, corporations are PHYSICALLY UNABLE TO CREATE INFLATION. They do not have the keys to the US Treasury.
If you can't understand this, you're a moron. Please don't reproduce.
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This is funny, at so many levels, but primarily because you just cooked up a batch of word soup, that's going to give indigestion to anyone with a couple of firing neurons, because it contradicts itself, all over the place.
Not to mention your firm belief that capitalization makes it true. It doesn't.
Reminder: having, allegedly, taught typing to kids, does not make one an economist.
is is funny, at so many levels, but primarily because you just cooked up a batch of word soup, that's going to give indigestion to anyone with a couple of firing neurons, because it contradicts itself, all over the place.
It's just pure economics. It's just FACT. There is ZERO contradiction here. The definition and cause of inflation are very clearly laid out, (for someone with an education.
Reminder: having, allegedly, taught typing to kids, does not make one an economist.
I taught keyboarding classes (around 1999 they didn't refer to it as typing) to young college students, not to children. And that fact is irrelevant to this economics treatise, (that apparently no left winger here has ever heard of before.)
Caps is not a substitute for facts. The sun rises in the East, the swallows returned to Capistrano, and the Alps are awesome, all facts, none make up a treatise of any kind.
