....
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...
Wow, bamboozle me with BS why don't you? What? You mean an economic formula called Fisher's equation is not perfect? Unbelievable! Imagine that, an imperfect economic equation that may not work.
Relax guys. With bitcoin, we won't have to worry about the money supply. It's fixed. Nothing anyone can do about that as the protocol was set from day one in case you didn't notice. So think about getting real jobs.
Btw, I noticed Okun's law is breaking down too. Something to do with the ZLB. Seems like they had to do more QE but now they are scared of the cost benefits trade off. So they are going to give forward guidance, except the vice chair of the fed doesn't believe in it and he used to be the teacher of them all including yellen. And if the participation rate was held constant, unemployment did not improve. So why did they print $4 trillion again? Uh-oh, I believe you guys have no fucking clue what's going on.