[CraigJPerry]

> In some sense, the only relevant partition is the quantity of money that is actually in circulation

Yeah thats the bit i’m trying to get my ahead around. Specifically:

>> It's arguably both a stock problem and a flow problem

I’m thinking the key variable here is flow

>>> it's a flow problem

You cant have inflation without increased flow, but i’m still wondering about stock because it’s not as simple as just excess money.

Perhaps it is correct enough to just frame it as a flow problem, since that variable is always dominant in every inflation scenario.

> depends on the bank's net lending to you

Yeah that makes sense, so my example should have been a loan from one bank and a savings account at another

[neilwilson]

Given that money is just a promise there are endless money things as well.

We can't define money, we can't define velocity, prices are all relative and what is included as a transaction depends on the definition.

The naive QTM is overly abstract. All we can really do is address the root cause - insufficient supply and competition.

[galaxyLogic]

> All we can really do is address the root cause - insufficient supply and competition.

Sounds like a great suggestion.

On the other hand it is also clear that if FED printed out much more money, that would cause prices to go up. BUT that would not really be a bad thing would it, people would have more money.

https://youtu.be/j_DJhEXmOmY