Even if a wealth tax increases money supply – it’s not correlated to rising inflation
Nicolas Rabener 21 -- managing director of Finominal, which provides quantitative solutions for factor investing (Myth-Busting: Money Printing Must Create Inflation, CFA Institute Enterprising Investor, 4-19-2021, https://blogs.cfainstitute.org/investor/2021/04/19/myth-busting-money-printing-must-create-inflation/, Date Acessed 7-7-2023) //TCM
The same three economic variables in the United States, show the same increase in the central bank balance sheet as in other markets and only muted effects on money supply and inflation. Furthermore, inflation can occur without meaningful changes in the money supply, for example, during the oil crisis in the 1970s. Some investors are betting on inflation to follow the spike in the money supply in 2020. While this is possible, the money supply has been increasing for more than a decade but inflation has fallen consistently over the same time period.