Most commentators I hear point towards excessive spending as the primary cause of inflation, but I've been wondering: Absent supply chain interruptions, how does inflation manifest when price competition punishes the first one to raise prices?
If everyone suddenly has twice as much money, suppliers will pretty soon run out of goods to sell if they don't raise their prices.
It's funny because all the theories presented in the article - that inflation is caused by mandatory minimum wage, government regulation and taxes - is exactly what a greedy person would suggest.
Another hot take on inflation, I think, is https://eand.co/the-economys-crashing-because-we-re-an-indus...