Part 3/8:
Historically, the term “inflation” has been redefined, which has caused confusion. Traditional definitions focused on the increasing quantity of money in circulation, which leads to rising prices. In recent decades, shifts in monetary policy have significantly increased money supply, evident from historical data. After the financial crisis of 2008 and the economic impacts of the COVID-19 pandemic in 2020, both U.S. and global money supplies have seen remarkable increases, outpacing price growth for various commodities.