> His contention is that it doesn't so restricting money supply isn't a solution.
Restricting money supply may not be the solution. I don't think the author claims that restricting money supply can't be a part of the solution and a major part even. If he does, we have evidence to the contrary - 1980s in US. The inflation variation was even bigger then.
Restricting money supply may not be the solution. I don't think the author claims that restricting money supply can't be a part of the solution and a major part even. If he does, we have evidence to the contrary - 1980s in US. The inflation variation was even bigger then.