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<p>[QUOTE="InfleXion, post: 1328392, member: 29012"]Inflation, which by definition is the expansion of the money supply has most definitely occurred. It's just that commodity prices have not caught up to it yet, but that is an effect of inflation, not inflation itself. If we are talking measured percentages of price increase, which is often incorrectly called inflation, then it's correct to say it has not kept up pace with monetary expansion, but it has definitely increased.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1328392, member: 29012"]Inflation, which by definition is the expansion of the money supply has most definitely occurred. It's just that commodity prices have not caught up to it yet, but that is an effect of inflation, not inflation itself. If we are talking measured percentages of price increase, which is often incorrectly called inflation, then it's correct to say it has not kept up pace with monetary expansion, but it has definitely increased.[/QUOTE]
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