Inflation is not growth in the money supply, money supply is one way that inflation can occur, but the basis of inflation is the increase in nominal costs of everyday prices.
Inflation is not growth in the money supply, money supply is one way that inflation can occur, but the basis of inflation is the increase in nominal costs of everyday prices.
Yeah that’s the painful part. A backup would be key here
I imagine if you can mount from a busybox possibly
SCHISM! SCHISM! SCHISM!
It’s propagated itself across the entire world and overtaken opposition repeatedly so I’d say in every way that matters, yes but unironically.
And this isn’t praising capitalism, this is stating that your alternative had better be more robust than the current most robust system in existence.
Billionaire consumption irrespective of how outsized, isn’t significant in the context of our entire societal consumption. Every private plane flight in a year emits 5MtCO2, while all flights emit 800MtCO2. Even Roman Abramovich’s ridiculously wasteful superyacht is about 20ktCO2/yr. All private cars contribute 3BtCO2/yr. Billionaire consumption is a drop in the bucket, which is why any article blaming billionaires to try to convince you this isn’t a kitchen table issue and infrastructure issue for the rest of us has to qualify with investments, since the average billionaire basically owns fossil fuel companies.
That’s useful information to be sure, because it does emphasize that billionaires profit from emissions, but the end consumers of the vast majority of those emissions, the reasons why those fossil fuels were burned in the first place, are the rest of us, day by day, partially by choice but mostly by consequence of building our basic infrastructure to rely on fossil fuels and refusing to make the investment to decarbonize it.
Thanks for sharing. Good on you for getting clean and I wish you strength in staying that way.
And supply shock, and wage growth, and tons of other things. You literally said “inflation is an increase in the money supply”