[carlosjobim]

No, inflation is only because of an increase in the money supply, which is increased by lending in modern economies. Rulers will make false definitions and false measurements in order to try to hide this. Just as Roman emperors would debase the metal in their currency and demand that people treated the money as pure. But the truth is still the truth, no matter the lies.

[throw0101c]

> No, inflation is only because of an increase in the money supply

Japan increasing its money supply but having long stretches of low inflation (and even deflation) for the last ~twenty years:

* https://fred.stlouisfed.org/graph/?g=1680i

[scott_w]

Actual economists and monetary policy staff disagree with you:

1. HBR: https://hbr.org/2022/12/what-causes-inflation

2. IMF: https://www.imf.org/en/Publications/fandd/issues/Series/Back...

3. Reserve Bank of Australia: https://www.rba.gov.au/education/resources/explainers/causes...

4. The Bank of England: https://www.amazon.co.uk/Cant-Just-Print-More-Money-ebook/dp...

Shall I continue?

[carlosjobim]

The pope says he's appointed by God. So it must be true...

Your sources are as truthful about inflation as asking any general if he's fighting for the good side of a war.

[scott_w]

> The pope says he's appointed by God. So it must be true...

Carlos Jobim says he’s the expert on finance and monetary policy so it must be true. He doesn’t need things like evidence, experts, research or data. His word is the truth.

[carlosjobim]

Your sources are organizations that derive all their power from inflating the monetary supply. They have reason to lie always.

[scott_w]

I think you need to get off r/Superstonk and return to the real world.

[carlosjobim]

During the era of the Soviet Union, all institutions and all science within their sphere of influence agreed unanimously that socialism was a superior system in all ways measurable. The people believed it. Probably most academics believed it, as well as leaders of institutions. In the highest echelon they were painfully aware of the shortcomings of their system, but it was still inconceivable to admit what was really going on.

In the future you will probably read books and memoirs from international banking leaders, speaking more unfiltered about how they had to keep the truth from the population, just as we today can read the memoirs of previous Soviet leaders admitting their lies and failure.

When you talk about economists as an authority, do you think anybody could get a tenure or a degree unless they believe in inflation as a mysterious force and not man-made? Probably as likely as somebody getting a degree in political science in the USSR without being a socialist.