Quote from: Etlase2 on February 13, 2013, 12:02:36 AM

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.

"Keynesian economic theory proposes that changes in money supply do not directly affect prices, and that visible inflation is the result of pressures in the economy expressing themselves in prices." -Keynesian view of inflation

Quote from: Lethn on February 15, 2013, 08:44:37 AM

That's the thing though, you guys are getting trolled, by those damn neo-keynesians Cheesy

Quote from: Etlase2 link=topic=140793.msg1520395#msg1520395

More like, someone who actually understands economics. Unsurprising based on your other definitions if that's your definition of keynesian.

Lethn, get out the way man! Let the ~~trolls~~ economists have their serious discussion, alright?

Cheesy