[quote=gzz]Reminder: From 1995 to the present, the money supply in Japan went up more than 400%, but prices went up about 4%. Not per year, 4% total over 26 years.
M1 is not the correct monetary aggregate to use here. That’s a rookie mistake. I humbly suggest you reconsider your level of expertise on this topic.
Along those lines — the bond market has pretty famously been terrible at predicting inflation. So citing breakevens or interest rates as “proof” that you are right is unconvincing and also a bit of an overconfidence red flag.
This is a good and interesting topic; I personally enjoy reading arguments from both sides. So thanks for bringing your viewpoint to the table, but I think you could stand to recalibrate your level of self-assuredness here.
(PS I am not an expert either… which I mention because I don’t want this to be read as claiming to be so).
