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A comment on U.S. inflation reached a new four-decade high of 8.6% in May. Parent comment

Re:U.S. inflation reached a new four-decade high of 8.6% in May by JohnDeHope on Friday June 10, 2022 @12:03PM (#31696012)
This is a nitpick, but profligate spending cannot create inflation. If I have a million dollars, and I spend a million dollars, that doesn't create inflation. Even if I spent the million dollars on stupid NFT cat gifs. I got the money from somewhere and I spent it, and sent it back out. No net inflation.

The inflation comes from the printing and spending of new money.

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Re:U.S. inflation reached a new four-decade high of 8.6% in May by peyton on Friday June 10, 2022 @12:12PM (#31696130)
No. You’ve increased demand. Inflation refers to price level, not money supply.
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