Inflation != currency devaluation and France had a pretty tame inflation compared to many of its neighbors (significantly less than Belgium for instance), which again is a good illustration that inflation has nothing to do with the money supply or the value of a currency, no matter how prevalent this myth is.
Neither which is the same as expanding the monetary base (debasement if you want to be spicy).
An economy with a shrinking money supply can experience inflation and devaluation relative to other currencies. An economy with a growing money supply can experience deflation and a strong currency.
> Neither which is the same as expanding the monetary base (debasement if you want to be spicy).
“debasement” proper is also something else.
> An economy with a shrinking money supply can experience inflation and devaluation relative to other currencies. An economy with a growing money supply can experience deflation and a strong currency.
Yes. And an economy with a growing money supply can experience inflation and having a strong currency at the same time (see what happened to the US and the US Dollar in the first half of 2022).
> By 2021 it had increased by same % as 2009 to 2015.
It increased faster but the money supply variation was in the same ballpark, when the CPI evolution definitely wasn't (you can compare CPI between 2009 and 2015 and 2019-2021 you'll see that there's no link between inflation and the money supply).
> Not massive inflation in asset prices. All that money had to go somewhere, so stocks are now significantly overvalued and housing is unaffordable.
This has nothing to do with “inflation” (which, by definition is the evolution of CPI).
And the solution to this problem is actually quite simple: tax the rich (who got their free central bank money from nothing in exchange).
