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
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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