The thing of it is that a large part of this inflation isn’t related to monetary policy, but energy policy. The relative availability of energy can, by my way of thinking, mimic the monetary kind, since the cost of everything is related to the price of energy.
That is facts.
Sorry, it is directly related to monetary policy. Quantitative easing puts entirely too many dollars into the economy. That partly affects the price of oil since oil is traded worldwide in dollars and a dollar doesn’t buy as much oil in the past.. There is also a oil supply problem. The real driver to all economic problems is government and Democrats. Government has been overspending. The Fed is forced to do quantitative easing in response to the over spending. Government has been over regulating petroleum and related industries. This is an intentional perfect storm created solely by government including many Republicans that continue to kick the debt limit down the road.
“The thing of it is that a large part of this inflation isn’t related to monetary policy, but energy policy. The relative availability of energy can, by my way of thinking, mimic the monetary kind, since the cost of everything is related to the price of energy.”
Good post on energy & monetary policy.
Another factor is lack of producers globally and nationally for the essentials, at the same time nonessential producers are being babied & coddled with woke ideology.
Combine that with an ageing global population that is done with their peak employment years, we’re looking at some huge supply & demand issues over the next 10 to 20 years.
“The thing of it is that a large part of this inflation isn’t related to monetary policy, but energy policy. The relative availability of energy can, by my way of thinking, mimic the monetary kind, since the cost of everything is related to the price of energy.”
you’re 100% correct ... stuff costs more NOT because there’s too much money (CryptoTulip crash is taking care of THAT excess), but because energy is the primary input into everything that makes up modern living, including resource extraction, resource refining, manufacturing, transportation, farming, fertilizer and agricultural chemicals, food preservation, medical care, communications and telecommunications, computing, internet, online commerce, construction and construction materials, clothing, and heating and cooling ...
dementia joe’s energy policies have been DELIBERATELY designed to curtail domestic energy production, driving energy prices through the roof, thus making EVERYTHING cost more .... monetary policy can NOT fix the energy shortage, and thus is the wrong remedy for the wrong problem because the Fed is fighting the previous war ... however, raising interest rates WILL crash the economy, which is exactly what is going to happen now ...
BINGO!!!......energy has to be produced!.....Fiat money can be printed....
Thats why the founding Fathers picked gold and silver...
Allen Greenspan understood this in 1967 ...
http://www.math.snu.ac.kr/~hichoi/finmath/AlanGreenspan-GoldEconomicFreedom.pdf