Imagine an island country that produces no oil, a totally realistic scenario.... War cuts supply and oil goes from €10 to €100. Economy contracts, prices rise.
What do Economists do?: Raise interest rates!
Excellent. How many barrels of oil did that create? Zero.
It takes a remarkable level of abstraction to look at a physical shortage and conclude that the real problem is that people still have too much money.
They are worst than a fraud...Economist are criminals...