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Re:American workers are demanding almost $80k a year to take... by ralusek on Monday August 21, 2023 @11:48AM (#37211174)
What's interesting is that neither of those drive inflation. Inflation is the expansion of the money supply, and there is a sudden attempt to redefine it as increased costs of goods and services. Money supply goes up, costs of assets follow, then costs of goods and services, and then wages. None of the things downstream from expansion of the money supply "drive" inflation.
Re:American workers are demanding almost $80k a year to take... by sanderjd on Monday August 21, 2023 @11:54AM (#37211287)
No, inflation is a generalized increase in prices / decrease in purchasing power for goods and services. Many people believe that this kind of broad increase in prices can only be driven by the expansion of money supply, but this is a contested thesis, not the definition of inflation. (For what it's worth, I tend to think it's correct.)
Re:American workers are demanding almost $80k a year to take... by wizofaus on Monday August 21, 2023 @12:22PM (#37211717)
Except historically there have been periods where increasing the money supply hasn't driven up inflation particularly (because most of the increased supply was used to fund increases in productive output) and times where high inflation has been triggered without any significant increase in money supply (often due to unusual factors restricting supply of key goods/services). But at a sufficiently large scale, then sure, inflation will tend to follow money supply. But arguably such baseline inflation is largely a reflection of the fact that the overall output of the economy has grown, and not any indication of general decreased affordability.
Re:American workers are demanding almost $80k a year to take... by 21eleven on Monday August 21, 2023 @11:55AM (#37211307)
I am not sure if this is accurate.

I think money "throughput" matters more than absolute money supply.

Re:American workers are demanding almost $80k a year to take... by WorldMaker on Monday August 21, 2023 @02:50PM (#37213753)
The voltage supply doesn't matter at all if the resistance or impedance of a circuit is wrong.
Re:American workers are demanding almost $80k a year to take... by WalterBright on Monday August 21, 2023 @11:51AM (#37211238)
The most successful government propaganda ever is all the supposed reasons for inflation, anything but the real reason.