Most theories of "inflation" revolve around some kind of money creation. In the past, this was commonly done with a printing press; thus "money printing." Today, it's mostly digital. But, as we described in our 2022 book Inflation: What It Is, Why It's Bad, and How To Fix It (the updated paperback edition is the one you want), it is much better to understand "monetary inflation" as a decline in the value of a currency. This might be accompanied by an increase in the "money supply," or it might not. Read More ›
