Comment on The Mincome Experiment of 1974-79parentComments−lowboy11yInflation is nothing but the increase of money supply without an equivalent increase in productionWouldn't that mean that inflation would also be caused by a decrease in production without an equivalent decrease in the money supply?−czr8011yYes. Google "stagflation".
Comments
Wouldn't that mean that inflation would also be caused by a decrease in production without an equivalent decrease in the money supply?
Yes. Google "stagflation".