It’s complicated, but also quite simple. It’s true: Only government creates inflation.
You need ‘the man’ to explain it: Milton Friedman.
Here’s one:
https://www.youtube.com/watch?v=u6GWm0GW7gk
Here’s another:
https://www.youtube.com/watch?v=6LfUyML5QVY
Here’s others:
https://www.youtube.com/results?search_query=milton+friedman+on+money+supply
Oh, but when it comes to reckless spending, “they’re changing people’s lives” alright: The next 10 years are going to be a debacle unless Congress collectively pulls its head out of its backside.
“Only government creates inflation.”
A big problem is many tag all demand supply prices increases as “inflation”. That is incorrect. Right now have prices going higher due to both inflation AND non inflation related demand supply imbalances. For example, if bird flue wipes out 100 million chickens and chicken and egg prices double, THAT IS NOT INFLATION.
What Is Inflation?
Inflation is the decline of purchasing power of a given currency over time.