There's an important message here: the money expands by that much and inflation is .. 4%?
That shows the limits of a single number. It also shows up the "transmission mechanism" has been damaged; it doesn't affect wages or prices largely because so much effort has been expended over the last 40 years to prevent wages going up at all.
That shows the limits of a single number. It also shows up the "transmission mechanism" has been damaged; it doesn't affect wages or prices largely because so much effort has been expended over the last 40 years to prevent wages going up at all.