yet, the costs of what is going up?
Everything, yet what causes those costs to go up?
when policy changes control how materials are retrieved, then, yeah, cost goes up, but just the simple adage, the fed is printing money! doesn’t explain anything.
The government printing money is a different excuse than the govt is stopping oil production and use of coal for power generation and the govt is at war the overseas shipping is stopped so precious metals and raw ore is not as available so costs go up.
If the government is buying bonds of their own, using their own money to buy from themselves, how does that make my groceries rise in price??
I fail to see any connection and all I hear and read is “When the govt prints money, money devalues and it makes prices go up and that is inflation”
Well, govt can print money all day and also pump more oil than ever like under trump and we had an economic boom. Inflation was quite low under some of the highest printing in history, highest deficit spending high, yet economic boom.
Under the same conditions. Yet the dollar did not devalue.
the printing of money did not cause oil production to slump or refineries to slow down, energy policy did. All goods, since they come by truck, need to rise in cost to recover the shipping costs. That is clear inflation caused by policy that is ongoing now. None of that is caused by printing money.
The repetition of “printing money causes inflation” is not explaining what I believe is the main cause of inflation now, and that is an intentional destruction of a working energy policy by shutting down oil leases and pipelines and phony sanctions on russian oil and increased oil imports at higher prices.
“The repetition of “printing money causes inflation” is not explaining what I believe is the main cause of inflation now, and that is an intentional destruction of a working energy policy “
Add:
Demand/supply supply chain snafus.
Weather related price increases.
Contagions raging.
...
The answer is: ALL THE ABOVE!
Bond traders take huge clues from the oil markets because long term bonds are very sensitive to inflation. The price of oil casts an extremely wide net on prices. Truck, car, place, boat fuel,i.e. transportation costs, electric rates, plastics, fertilizer, building heating costs, road building materials, (insert another 100,000 things here).