Comment That is not that (Score 1) 95
You contradict yourself when you say that the government is forcing inflation by failing to keep it down.
That's because that is not what I said.
The governments goal was to drive 2% per year inflation. So you cannot feel the pain. Like boiling a frog.
However in recent years it has been over that target, so they have been desperately trying to bring it back down.
Where is the contradiction? They don't want people to feel inflation, but the fact is food costs alone have gone up fast enough now people notice.
"The money supply has surprisingly little effect on that. If more money is available, people will, in order: 1. pay off debts, 2. save up, 3. buy things."
Irrelevant what PEOPLE will do because we are talking about the total money supply from the government.
With more money, that extra money will be chasing the same amount of goods, thus driving up prices generally.