[hgomersall]

I've not made any accusations, nor do I think that the elites are not to blame. I said that "money printing" is not the problem here. The reason it's not the problem is because the quantity of money simply reflects savings. By focussing on "money printing", you're missing the actual problems. Arguably, that's the point, since the elite tend to do well when money is considered a scarce commodity.

Sure, spending might cause inflationary effects, but that's orthogonal to quantity (flows not stocks), but then economics is the science of confusing stocks with flows.

[Cold_Miserable]

"Currency printing" and inflation are exactly the same thing.