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Message: <blockquote data-quote="Next Day Err" data-source="post: 5860566" data-attributes="member: 107379"><p>Since the increase in the money supply (M1, M2 and M3) can cause inflation but is not the only possible cause of inflation, defining inflation as merely the increase in the overall money supply isn’t as accurate as defining “inflation” as “the rate of increase in prices over a given period of time. Inflation is typically a broad measure, such as the overall increase in prices or the increase in the cost of living in a country.” (IMF definition)</p></blockquote><p></p>