by I was debating with some Bitcoiners, who said that central banks cause inflation. I then found these two interesting articles. Similar analysis on the eurozone reflects the same trend: Central bank money printing is largely irrelevant to money supply and inflation.Given their typical mandate to create moderate inflation, the all-powerful central banks seem quite powerless. Or they are simply fighting forces they cannot overcome: namely, the negative demographics and negative productivity growth that contribute to low economic growth.Nicolas Rabener - Myth-Busting: Money Printing Must Create InflationJohn T Harvey Money Growth Does Not Cause Inflation! By John T Harvey
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Lars Pålsson Syll writes DSGE models — a total waste of time
Lars Pålsson Syll writes Max von Sydow — non plus ultra
Peter Radford writes Lost opportunities?
Joel Eissenberg writes Oh, Elon!
I was debating with some Bitcoiners, who said that central banks cause inflation. I then found these two interesting articles.
Similar analysis on the eurozone reflects the same trend: Central bank money printing is largely irrelevant to money supply and inflation.
Given their typical mandate to create moderate inflation, the all-powerful central banks seem quite powerless. Or they are simply fighting forces they cannot overcome: namely, the negative demographics and negative productivity growth that contribute to low economic growth.
Nicolas Rabener - Myth-Busting: Money Printing Must Create Inflation
John T Harvey