My letter to the Wall Street Journal re: Why Do Prices Keep Going Up and What's the Cause of Inflation?

 Patrick Barron

Fri 11/26/2021 8:34 AM

To:

•  Wall Street Journal

Re: Why Do Prices Keep Going Up and What's the Cause of Inflation?

 

Dear Sirs:

I find it hard to believe that the Wall Street Journal would post an article such as this and not mention the unprecedented increase in the money supply. In fact, the real definition of "inflation" is not rising prices. Higher prices are the consequence of inflation in the money supply. Just take a look at this Fred chart of M3. In fifty years, the broadest measure of the US money supply has risen from $.700 trillion to over $21.000 trillion. M3 has risen by $2.000 trillion in the last twelve months alone.

 

Patrick Barron

20 McMullan Farm Lane

West Chester, PA 19382

Phone: 610-793-3605