Re:Debunking “America has become so anti-innovation – it's e...
by stephen_g on Friday May 19, 2017 @11:15AM
(#14376470)
> Who's using intuition now? Stagflation in the 70's is a pretty jarring counter-example.
My wording wasn't clear. I meant for price rises to necessarily be the case for any rise in the monetary supply, by the PY = MV identity. Of course inflation is still still possible when the economy is not at full capacity or full employment.
My wording wasn't clear. I meant for price rises to necessarily be the case for any rise in the monetary supply, by the PY = MV identity. Of course inflation is still still possible when the economy is not at full capacity or full employment.