觀點新型冠狀病毒

Less money, fewer problems?
貨幣少了,問題就會少?

Broad money growth has slumped after soaring in 2020.
貨幣總量值得關注。但是,貨幣成長會否帶來更廣泛的通膨壓力,在很大程度上取決於貨幣流通速度是否加快。

Following the money is fraught with difficulty. Numerous attempts to pin down the precise relationship between the amount of the stuff being printed, or deposited in accounts, and inflation have failed.

追蹤貨幣困難重重。試圖確定正在印刷(或者說存入賬戶)的貨幣數額與通膨之間確切關係的無數嘗試,都以失敗告終。

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