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RE: [ECONOMICS] The Lunacy of Keynesian Economics Revisited
The evidence backs this. Expanding the money supply resulted in higher prices every where, every time. One may say that the contemporary US is an exception. That is because US dollars are used as international reserve. Other countries buy dollars to back their economy. As the fear of economic trouble grows, they buy more dollars. This way US could double its money supply exporting inflation all over the world. That's OK. Those dollars will come back sooner than latter.
bitcoin?
As to the only excption being the USD in modern times, there are a lot of countries in modern times where increasing the money supply has not increased prices.
Its tough to go outside the modern era, because this is the first time we've really had no distinction between commodity money and fiat tokens.