“The thing of it is that a large part of this inflation isn’t related to monetary policy, but energy policy. The relative availability of energy can, by my way of thinking, mimic the monetary kind, since the cost of everything is related to the price of energy.”
you’re 100% correct ... stuff costs more NOT because there’s too much money (CryptoTulip crash is taking care of THAT excess), but because energy is the primary input into everything that makes up modern living, including resource extraction, resource refining, manufacturing, transportation, farming, fertilizer and agricultural chemicals, food preservation, medical care, communications and telecommunications, computing, internet, online commerce, construction and construction materials, clothing, and heating and cooling ...
dementia joe’s energy policies have been DELIBERATELY designed to curtail domestic energy production, driving energy prices through the roof, thus making EVERYTHING cost more .... monetary policy can NOT fix the energy shortage, and thus is the wrong remedy for the wrong problem because the Fed is fighting the previous war ... however, raising interest rates WILL crash the economy, which is exactly what is going to happen now ...
Thanks, and yet I’m sure that monetary policy still has a large deal to do with it ... it’s like a double whammy; easy money and artificially reduced energy sources. There’s not much you can do right away for the first, but the second can be remedied by doing what Trump did when he took office in 2017 ... get the government monkey off the energy sector’s back.