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A comment on Turkey’s inflation hits 83% as Erdogan vows to keep cutting interest rates. Parent comment

Re:Turkey’s inflation hits 83% as Erdogan vows to keep cutti... by boole1854 on Tuesday October 04, 2022 @07:56AM (#33079110)
> Unfortunately that 'Friedman rule' belief relies upon there being a fixed amount of money and a one-to-one relationship between money and stuff.

I'm not sure what you mean by this. The Friedman rule does not assume there is a fixed amount of money -- the rule itself recommends in some circumstances that the central bank should increase the supply of money.

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Re:Turkey’s inflation hits 83% as Erdogan vows to keep cutti... by neilwilson on Thursday October 06, 2022 @04:58AM (#33106104)
The central bank is not in control of the quantity of money. Money is created dynamically by all entities in society as and when it is needed. That's what trade credit is all about, for example.
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