Quote from: figmentofmyass on Today at 05:43:16 PM

there are two types of inflation---monetary inflation and price inflation.

https://en.wikipedia.org/wiki/Monetary_inflation
https://en.wikipedia.org/wiki/Inflation

Still, the citation from Wikipedia is weak.

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This article includes a list of references, but its sources remain unclear because it has insufficient inline citations. Please help to improve this article by introducing more precise citations. (January 2016)

Source: https://en.wikipedia.org/wiki/Monetary_inflation

Here is why...

Austrian:

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when a government increases the quantity of paper money, the result is that the purchasing power of the monetary unit begins to drop, and so prices rise. This is called inflation.

Unfortunately, in the United States, as well as in other countries, some people prefer to attribute the cause of inflation not to an increase in the quantity of money but, rather, to the rise in prices.

Source: https://mises.org/library/inflation

Mainstream:

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In the long run, inflation is caused by growth in the money supply. Inflation, the rate of growth in the average level of prices, can vary over the short run for many reasons. Over the long run, however, the rate at which the central bank (the Federal Reserve System in the United States) causes the stock of money to grow determines what the inflation rate is.

Source: Williamson, Macroeconomics 6th ed, Pearson

I think Mises' view is more biased, or he wants to emphasize "printing money" in his lecture. The evidence why the mainstream definition of inflation is more accurate is in the short run, for example, on Islamic fasting month (in the Islamic majority country), inflation will be high not because of printing money stuff, but because an increase in demand since people tend to eat more quality/complete foods during that period.
https://journal.umy.ac.id/index.php/esp/article/view/6576

Quote from: figmentofmyass on Today at 05:43:16 PM

the fundamental problem presently is that people are spending less money on goods and services, due to high unemployment and lack of confidence in the future.

we already have a problem of too much productivity. there is no demand for the current level of productivity, which is why there are so many layoffs happening. you can't get people to buy stuff they don't want just by making more of it.

Well, since economics is a social science, there's no such thing as binary yes or no, let's spin it shall we
Needs or wants are not equal to demand.

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Demand is an economic principle referring to a consumer's desire to purchase goods and services and willingness to pay a price for a specific good or service.

Source: https://www.investopedia.com/terms/d/demand.asp

As long as people are still alive and healthy, people will always need products and services, but they are unable or unwilling to pay at a particular price level. Hence, the idea is to keep producing because more supply will lower the price, with the hope that people can or willing to pay at the new price level. By giving incentives for essential businesses, they will keep producing, keep paying its worker, lower the price, plus preventing scarcity and hoarding at the same time.

Quote from: fabiorem on Today at 12:09:22 PM

Only now you noticed it?

Yes, "I'm an idiot sandwich."

Quote from: Upgrade00 on Today at 12:37:55 PM

On the flip side letting the market operate freely, would leave the economy stagnant for a period of time. Spendings would remain low and businesses would lose out, I can't tell how long it would take for the market to recover.

What if economics is like mother nature? https://www.youtube.com/watch?v=emvV1rdzlwo

@fabiorem @gantez, a country that allows guns, is a Marlboro country.

Quote from: el kaka22 on Today at 03:45:44 PM

When you help people, those people spend the money on companies and companies profit anyway. If you pay it to companies directly, they just pay themselves bonuses. So, at the end of the day america is still a big capitalist country, the biggest capitalist country in the world, and even if it doesn't work they are brainwashed and will continue to be one.

Ah I remember watching/reading this case somewhere, is it the 2008 bailouts?