"Contrary to popular thinking, inflation is not about increases in prices, but about increases in money supply. Also contrary to various commentators, inflationary expectations—in the absence of increases in money supply—cannot cause a general increase in the prices of goods and services." https://mises.org/mises-wire/do-inflationary-expectations-cause-general-increases-prices #moneysupply #inflation #money #prices #economics
Mises InstituteDo Inflationary Expectations Cause General Increases in Prices? | Mises InstituteEconomists like to claim that expectations of more inflation lead to, well, more inflation. Such beliefs ignore the fact that inflation is an increase in the