Milton Friedman won the Nobel Prize in Economics by proving that the ONLY thing driving inflation is the money supply.
Doesn’t matter what you do, if you print and spend more money, created out of thin air, you will cause inflation until the new total amount balances against supply and demand.
It’s the law.
And now we’re running around 15-20% inflation, if you measure it the same way they did in 1980. Jimmy Carter level. Actually, more. And accelerating.
We’re going to have 25% inflation in 6 months, food shortages, gas shortages, all the fun stuff.
Count on it. Plan accordingly.
Oh, and the ONLY way to stop ot, before it balances itself via years of inflation, is to decrease the money supply.
How? Jack up interest rates, to about the rate of inflation. That can’t happen, because interestmon the fed debt would take the entire budget, and the fed goes bankrupt.
So their only choice is to let inflation run its course, until everything is more expensive by roughly the same % as the money supply increases.
Wich is 100%. Meaning everything in the US must double in price. IF they don’t make it worse, by more deficit spending.
Which they won’t stop.
Rinse, repeat.
It’s here to stay.