The writer of this piece surely doesn’t go to the grocery store, buy auto and health insurance and most definitely isn’t putting any children thru university.
“The writer of this piece surely doesn’t go to the grocery store, buy auto and health insurance and most definitely isn’t putting any children thru university.”
Yep. Spot on.
We have inflation on what people have to spend money on. (Food, Medical, etc).
Were having Asset deflation right now however.
Someday when the Economy truly does pick up is when were going to have lots of inflation across the board. (Velocity of Money).
There is both deflation (in housing and other assets, in employment and average income, etc.) and inflation (food, energy) going on at the same time.
None of those are related to the amount of money in circulation. “Inflation/deflation are always and everywhere a monetary phenomenon.” ~ Milton Friedman