As soon as I read that the inflation we suffer from today was caused by high employment after Covid-19 I realized the writer was an idiot.
The writer is also a true believer in Anthropogenic Climate Change and ESG investing.
The writer is a liar, not an idiot. The difference is important.
Blaming inflation on a tight labor market is the official part lie used to get the people looking in the wrong direction. It's about blaming the victims.
Inflation is directly caused by the government with assistance from the central bankers.