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This is oversimplification. Inflation (as price increase) also depends on money velocity and productivity. I am also curious about the source of the data...
I didn't say that money supply is the only variable in the equation of exchange. But we need to respect the economic terms for what they are and not mix different categories even if they are in a cause and effect relationship
Right, but we should always keep in mind that there are
at least two more independent factors (since Fisher's equation isn't perfect either as it may just not work) that can and do override the money supply factor in this cause-and-effect relation...