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Re:The Fed has made a historic mistake on inflation by mullingitover on Monday June 13, 2022 @03:47PM (#31730791)
> Massive government spending, funded by new money, caused inflation.

How is US government spending causing 8% inflation in Germany?

It's almost like this is a global phenomenon caused by supply shocks and price gouging of essential commodities.

Re:The Fed has made a historic mistake on inflation by aeternum on Monday June 13, 2022 @10:32PM (#31734129)
It's quite likely that energy prices are the common denominator. Energy inflation is off the charts and is an input to pretty much every other good.
Re:The Fed has made a historic mistake on inflation by thoughtstheseus on Monday June 13, 2022 @03:52PM (#31730856)
Inflation can be caused by more than one factor…
Re:The Fed has made a historic mistake on inflation by SantalBlush on Monday June 13, 2022 @05:04PM (#31731749)
But that's not really what you wrote, which is what people are pointing out.

>Massive government spending, funded by new money, caused inflation.

Re:The Fed has made a historic mistake on inflation by WalterBright on Monday June 13, 2022 @03:57PM (#31730939)
Germany deficit spends, too.
Re:The Fed has made a historic mistake on inflation by orwin on Monday June 13, 2022 @05:05PM (#31731756)
France deficit spent more than germany, and have lower inflation figure.

Someday, people will understand that central banks issue less than 8 percent of the circulating money, and that government debt is just another way of financing retirement pension funds.

Re:The Fed has made a historic mistake on inflation by mullingitover on Tuesday June 14, 2022 @12:18AM (#31734697)
France is looking pretty smart for going so hard into nuclear power. Conversely, Germany stepped on an energy policy rake.
Re:The Fed has made a historic mistake on inflation by WalterBright on Monday June 13, 2022 @09:20PM (#31733733)
The US did not have inflation when it did not have fiat money. There's well over a century of monetary history in the US without fiat money.
Re:The Fed has made a historic mistake on inflation by craftsman on Monday June 13, 2022 @11:00PM (#31734270)
That's true in exactly the way that disproves your point. Prior to the Federal Reserve era, there were so-called non-fiat currencies, that is, those convertible to silver or gold. Except when they weren't. There were many notable periods of inflation and deflation, and many periods during which convertibility was suspended.

So only in the most narrow sense is it even possibly true that "the US did not have inflation when it did not have fiat money": if you ignore the times when convertibility was suspended, it becomes a slightly more accurate statement, but still not true as it ignores inflation soon after the founding, large deflationary periods in the early and late 1800s, and subsequent inflationary periods prior to WW I. So you have to ignore convertibility suspension and the inflation and deflation in order to argue that there was no inflation or deflation.

The one iron-clad law of "non-fiat" currencies: eventually they will become fiat currencies.

Re:The Fed has made a historic mistake on inflation by WalterBright on Wednesday June 15, 2022 @11:41PM (#31762242)
And when they weren't convertible to gold or silver, they were inflated.

This amply proves my point.

The inflation was a net zero from 1800 to 1914.

Re:The Fed has made a historic mistake on inflation by vimy on Monday June 13, 2022 @03:56PM (#31730916)
The ECB printed money too.