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31 sats \ 2 replies \ @Voldemort OP 1 Mar \ parent \ on: Convince me I am wrong about these bitcoin themes meta
I have never heard this definition of inflation. I have always used and understood it to be a function of the price levels, not the monetary supply.
The meanings became comingled, but originally "inflation" referred to an increase in the quantity of money and price changes were discussed as the common outcome of inflation.
It's a somewhat archaic bit of economic history, but I do think the distinction is important sometimes.
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fair enough - happy to use a different definition if it is the standard here.
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