Money supply is not the most important statistic for inflation as it is a catalyst but monetary demand is the driver. There is a correlation because there comes a point where excesssive money supply triggers a loss of monetary demand, which is the experience of inflation itself. A lack of demand entails a high money velocity, which is how Millei addressed the inflation problem via limiting ATM withdrawals.
He has also reportedly replaced the gov’t cuts with AI overlords.
Thought crime anyone???? Prolly just a prototyping ground for musk.
““The country's far-right president Javier Milei this week created the Artificial Intelligence Applied to Security Unit, which the legislation says will use “machine-learning algorithms to analyse historical crime data to predict future crimes”.””
Money supply is not the most important statistic for inflation as it is a catalyst but monetary demand is the driver. There is a correlation because there comes a point where excesssive money supply triggers a loss of monetary demand, which is the experience of inflation itself. A lack of demand entails a high money velocity, which is how Millei addressed the inflation problem via limiting ATM withdrawals.
He has also reportedly replaced the gov’t cuts with AI overlords.
Thought crime anyone???? Prolly just a prototyping ground for musk.
““The country's far-right president Javier Milei this week created the Artificial Intelligence Applied to Security Unit, which the legislation says will use “machine-learning algorithms to analyse historical crime data to predict future crimes”.””
Run up the debt a bit and then nationalize the bank to wipe the debt out???