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Inflation is caused by profiteering and opportunism aided by the occasional supply shock.

Trying to control it solely with interest rates makes as much sense as trying to fly a beach ball to Mars.

Those are simply common correlate effects. Inflation is really rather simple, it is inflation of the money supply, i.e., printing more Monopoly money for oneself, knockoff purses, using chemicals to create fake honey, it’s what counterfeiters do … whether it’s some North Koreans or the federal government … its fraud, criminal, illegal, immoral, evil, and a clear indicator of illegitimacy of this or any government that does what this fake government has done.

Except that view is divorced from reality.

https://economicsfromthetopdown.com/2023/01/17/is-stagflatio...

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