Toro
Diamond Member
NOT all by itself. If that were true, we could always reduce debt by printing more money. And we would already have massive inflation.Printing money alone doesn't do that much.
Sure it does. It creates inflation.
No, it's NOT good to do, but it's not the lone cause of inflationary pressures.
You miss the point. I will reiterate.
Inflation is not a change in prices. Inflation is a change in the money supply. Changes in prices are symptomatic of changes in inflation.
What we had was inflation in home prices and credit. This was mainly because the money supply grew too fast (though other factors also contributed to asset inflation.)
The fact that the CPI went up 2% p.a. in no way means that there was not inflation. It merely manifested in other ways.