• sugar_in_your_tea@sh.itjust.works
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    11 hours ago

    Look at the money supply compared to inflation. Inflation went up due to supply shocks, central banks printed money as supply shocks eased, and we’re left with stable, higher prices.

    If central banks didn’t print money during the inflationary period, we would’ve seen a period of deflation as prices returned roughly to where they were.

    Seriously, look up the numbers. Here’s UK money supply, for example.