Underlying Cause 1.) Pumping printed currency into the market. The epidemic put this whole process on steroids.
Underlying Cause 2.) Ridiculous deficit spending 95 times out of 100 with no planned remedy, ever. No austerity measures, ever. No rational government spending, ever.
Underlying Cause 3.) Nixon taking us off the gold standard. This allowed printing fiat currency, which just means: Print all you want, forget about the long-term consequences, the way liars like Keynes and every economics teacher and professor taught every student in the United States for the past 75 years.
Underlying Cause 4.) The massive overprinting and deployement of paper currency is designed to cause economic collapse as a part of Cloward-Piven. Cloward-Piven is the gospel of the elite pseudointellectual Communists like Hillary and Obama, whose ultimate goal is the OPPOSITE of sound monetary policy. They want UNSOUND monetary policy leading to collapse.
Underlying Cause 5.) Massive hyperinflation of college tuition (with the help of Communist college administrators) designed to be coupled with federal student loans that generate more printing of money coupled with nothing: No gold, no products made by laborers.
Underlying Cause 6.) The Covid-19 epidemic was an international Communist bioweapon op designed to destroy the Western economy AND cause the US to hyperspend to an exponentially greater degree than even before. Our inflation today is for the most part due to this. The recovery from Covid-19 hyperinflation will easily take 10 years and will probably cause, ultimately a re-indexing of the USD in a 100:1 ratio, as was done in France after years of post-WW2 hyperinflation.
Underlying Cause 7.) Deadly mass-hysterical denial that all this debt is completely imaginary and harmless, even if it becomes astronomical. The fact is, the US is one of a few countries on earth whose GDP/Debt ratio is so great that it is near the point of no return. That early signs of collapse are appearing.
If you want to see a nation that is even closer than us but somehow is clawing its way back to fiscal sanity, see Argentina. They have not been having a good economic time lately, but it is getting better.
The essential motto of the Communists, Democrats, and economists today:
"Public debt is just an abstract construct; it has no meaning. You can just forget about it."
The reality: All debts, whether of your lunch money to the schoolyard bully, or to the water company, the grocery store, the cellphone company, the bank holding your mortgage, OR, public debts like taxes, money owed to foreign governors buying our debt from which our deficits and national debts come, ARE ALL as real as a tree, an ocean, or a falling boulder.
Keynes and all his disciples (they are the near-unanimous majority of economists) are LIARS.
the goal of the Democrat/Communists in the US is the complete COLLAPSE of the US. Having our economy collapse is a BIG part of it. This is why they want to continue super-excessive spending even now when we are nearly at a breaking point from inflation.
All our public debts are real, and all of them increase by interest rates charged by nations who borrow to support our prodigious national debt.
Paying them off (even an initial show of intent to do so would help tremendously at stabilizing our economy and society) is the only way to decrease inflation.
Read, think, grok.
three, card, monte