Again: Correlation does not on its own infer causation. But if you are arguing for causation and you don't even have correlation you have nothing. And that is what has been happening. People have been arguing that deficit spending causes inflation and they don't even have a correlation that is consistent with that belief. It's just not there. Not in the context of the United States.AZGrizFan wrote: ↑Sat Nov 13, 2021 7:30 pmI repeat: correlation <> causation. You, of ALL people, should at least be able to understand THAT.JohnStOnge wrote: ↑Fri Nov 12, 2021 10:46 pm I just found something interesting while looking for something else. I think I have heard of cases outside of the United States where government "printed" a bunch of money and there was hyper inflation. I was going to read about some. But I got this hit:
https://www.stlouisfed.org/on-the-econo ... -inflation
It's a St. Louis Fed web page and the author is (or was at the time) with the Federal Reserve Bank of St. Louis. Here is a quote:
So at least I know there is at least one person out there who would probably agree with what I'm saying.
There is no way one can ever meet the rules for inferring cause and effect with this sort of thing. But you REALLY have nothing if you're saying deficit spending causes inflation when there is no historical correlation to that effect. And that's what the situation is.