tag:blogger.com,1999:blog-2992740250270600844.post3413408789629551649..comments2024-03-24T05:26:32.964-07:00Comments on Advancing Time: Believing In Illusions - Our Five Favorite Financial MythsBruce Wildshttp://www.blogger.com/profile/10181323607060607040noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2992740250270600844.post-40063371439921002282020-01-11T01:01:47.636-08:002020-01-11T01:01:47.636-08:00I'd say that..... The biggest myth of all is t...I'd say that..... The biggest myth of all is the idea that inflation is changes in the CPI .<br />The reality is that the effects of Monetary inflation manifest in an economy in varying ways. ( And the world is swimming/drowning in Money Supply growth ). In my view, excessive monetary inflation ( money supply growth ) is a wealth transfer mechanism , and is one of the main drivers of increasing wealth inequality.<br /><br />I read somewhere that for Central Bank policy to be effective, there needs to be a general "ignorance" about the true effects/impact of such policy. roelofhttps://www.blogger.com/profile/09477578372828055473noreply@blogger.com