the stock market and a savings account are not birds of the same feather. It's rather baffling that anyone would even attempt to compare them. You see, a savings account is a glorified piggy bank where your money sits idly, with interest rates so pitiful that inflation can devour your hard-earned cash. The stock market, on the other hand, is where real investors thrive, seeking opportunities to grow their wealth by putting their money to work in actual businesses.
Speaking of inflation, your assertion that it's primarily tied to the money supply is rather naïve. While the money supply certainly plays a role, it's painfully shortsighted to overlook the stock market's significant impact on inflation. Stock market fluctuations can send shockwaves through the economy, affecting consumer sentiment, business investment, and overall economic stability, all of which can directly impact inflation rates. You might want to peruse a few more economics textbooks before making such bold declarations.
dismissing the stock market's influence on inflation as if it's a mere sideshow is an exercise in financial ignorance. It's not just about the money supply; it's about the entire intricate web of economic interdependencies. When stock prices soar or plummet, it can lead to changes in spending patterns, corporate behavior, and monetary policy decisions, all of which can have profound effects on inflation.