What is the Best Inflation Rate?
6 min readJul 14, 2022
First, let’s define inflation…
Non-monetary inflation (supply-chain issues) + Monetary inflation (increase in money supply) = X
X - GDP Growth = Price inflation (increase in overall prices)
The Left tends to focus on non-monetary inflation because it’s easier to increase government spending when you can blame rising prices on “profiteering” and Putin.