Apparently the laws of supply and demand only apply to Western economies and not the UAE. That is some weird, wacky stuff.
I admit, I only have one economics course and whatever I have picked up from reading on my own, but I do not see how in increase in the monetary supply could not contribute to inflation.
Maybe an expert can explain how this works better than the article does.
This blog began as a description of our life in Al Ain, UAE (United Arab Emirates). Brn worked at the UAE University Libraries Deanship for three years and Bss homeschooled our four children, D, B, P, and O. After returning to the the USA for five years, we are living in Abu Dhabi now.
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