[bandyaboot]

> I really do not understand why most people seem to think deficit spending is not the cause of inflation.

I really don’t understand why some people can’t recognize the empirical evidence that it’s clearly more complex than that.

[pfannkuchen]

So fluctuations in currency value definitely are more complex, but money supply increase is the only thing I know of that would lead to a basically monotonic decrease in the value of the currency, which is what we observe. Can you provide any other examples?

[bandyaboot]

I was wondering why you were conflating deficit spending with increasing the money supply, then realized it was the comment that I had replied to that did that. I was focusing on the assertion that there’s some clear, simple link between deficit spending and inflation even though the empirical evidence suggests otherwise.

[okaram]

A monotonical decrease on the supply of stuff, like what we've had with oil.

[pfannkuchen]

The supply of stuff (per capita) has monotonically decreased since the early 1900s? That doesn't seem to align with reality...