Dylan Lawrence Moore Posted March 17, 2018 Share Posted March 17, 2018 I have another conversation with Nima at economicsjunkie.com to discuss inflation and the possible causes of it. This conversation started with an error I made in a previous call regarding inflation and its relation to the money supply. One of the main points of Austrian economics is that government increasing the money supply leads to inflation, and then they usually point at the Federal Reserve trading reserves for US bonds (Quantitative Easing) and say, "There it is! Any time now!". Of course, now I know that Austrians are fundamentally wrong about the nature of the Federal Reserve (trading reserves for bonds is not printing money), so what else does the Austrian viewpoint assume that isn't accurate? Inflation is one, but it's not obvious why. Nima and I make an effort to tackle this tough subject. Link to comment Share on other sites More sharing options...
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