Didn't we already go over this? Money supply inflation means there is more money in the money supply than previously. Supply on its own has nothing to do with value (in a vacuum, admittedly), it is only a quantity; only when it is combined with demand can you determine a value or price.


So you are using the "keynesian" economic definition to make an argument? I thought this thread was about avoiding that. The gist of what people who dislike the contemporary meaning of inflation is that it is talking about an effect rather than a cause, something you have unfortunately not grasped in your posts, and really have fallen into the very trap for which the term is disliked.


I am capable and willing to use my brain to derive the meaning of the word inflation from the context. Around here, that is generally frowned upon because of something a monetarist once said that was misattributed to an austrian.