User talk:Ogilvy57

"Economists generally believe that high rates of inflation and hyperinflation are caused by an excessive growth of the money supply.[6] However, money supply growth does not necessarily cause inflation. Some economists maintain that under the conditions of a liquidity trap, large monetary injections are like "pushing on a string".[7][8] Views on which factors determine low to moderate rates of inflation are more varied. Low or moderate inflation may be attributed to fluctuations in real demand for goods and services, or changes in available supplies such as during scarcities, as well as to changes in the velocity of money supply measures; in particular the MZM ("Money Zero Maturity") supply velocity.[9][10] However, the consensus view is that a long sustained period of inflation is caused by money supply growing faster than the rate of economic growth.[11][12]"

Note to self: This portion of this page is entirely self-contradictory. It begins by claiming that money inflation does not cause price inflation, but ends with acknowledgement that the common consensus among economists is that money inflation indeed spawns price inflation. The editor of this page needs to re-investigate his facts, It appears the page was created to promote the delusional propaganda that our central bankers have been issuing for 100 years, which is that the inflation has "positive" attributes and the central bank exists only to keep inflation and recession in check. In reality, the Central Bank is the very cause of inflation and recession.