> This is the basis for inflation. Hum... Sure, it's the basis of some kind of i... | Hacker News

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marcosdumay on Jan 7, 2021 | parent | context | favorite | on: Who Wants to Be a Thousandaire? (2011)

> This is the basis for inflation.

Hum... Sure, it's the basis of some kind of inflation. But you'll get no useful kind that only depends on the amount of paper money in existence.

There is much more to inflation than the amount of paper money on the economy, and even than the amount of money the government creates.

alisonkisk on Jan 7, 2021 [–]

Do you mean literal "paper" (which is irrelevant) or M1, which is largely electronic?

marcosdumay on Jan 7, 2021 | [–]

The comment applies to both paper and M1. It also applies to M3, although M3 is already way too broad for any useful inflation number, it is also too restrictive in different ways.

Inflation is a complicated concept.

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