this post was submitted on 02 Jul 2023
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They're stating the obvious. To curb inflation, we need to reduce the supply of money in the economy. We can also active this by taxing the shit out of the top end of town and corps.
We can also stop the destruction of the environment nearly completely by mass suicide. That does not mean that this is good idea.
You do not need to "decrease the money" supply to fight inflation. What do you think the relation between these two is? Because, fun fact, the money supply is already decreasing in Australia, however prices are still going up.
https://tradingeconomics.com/australia/money-supply-m0