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A comment on Money Creation: 344% in the Last 12mo (Fed, M1, $). Parent comment

Re:Money Creation: 344% in the Last 12mo (Fed, M1, $) by cptskippy on Wednesday February 24, 2021 @11:10AM (#26251463)
> The fear is that excessive money creation would create inflation. However, there's no sign of that happening any time soon.

Wouldn't it be more accurate to say that it accelerates inflation. Inflation doesn't happen in fits and spurts, it's on going and has been happening well beyond my entire life.

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Re:Money Creation: 344% in the Last 12mo (Fed, M1, $) by joshstrange on Wednesday February 24, 2021 @11:17AM (#26251576)
> Wouldn't it be more accurate to say that it accelerates inflation. Inflation doesn't happen in fits and spurts, it's on going and has been happening well beyond my entire life.

Amen. I'm so tired of hearing "X might cause inflation" as if I haven't dealt with inflation for my entire life. Finding a non-bias source for "True Inflation" (aka, not the government who benefits from lower inflation because it directly impacts GDP) is hard but even using the government's numbers inflation is just shy of 100% (92.1%) since I was born, I will be 30 years old next month. That's ridiculous.

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