[quote=Leorocky]Inflation is not defined as an increase in the money supply and we have not been experiencing “massive inflation” since the Great Recession.
Both of your statements are patently false.[/quote]
Inflation is the result of an increase of the monetary supply, all else being equal.
In the past few years, housing prices, stock prices, bond prices, and the prices of many commodities have risen near or above “peak” prices, as defined by past bubbles. Of course, you’re welcome to claim that “massive inflation” hasn’t happened…but we’ll just have to agree to disagree on that issue.
