> Inflation is completely possible with no change in money supply.
Money supply always changes. But yes, inflation is possible without changing money supply, if for example economy shrinks or there's some process that reactivated dormant capital that people had just sitting around and not being used by the economy.
In the end it's always the same thing. More money than it should be. It's just that "should be" is very complex and "more money" only a little bit simpler.
Money supply always changes. But yes, inflation is possible without changing money supply, if for example economy shrinks or there's some process that reactivated dormant capital that people had just sitting around and not being used by the economy.
In the end it's always the same thing. More money than it should be. It's just that "should be" is very complex and "more money" only a little bit simpler.