Inflation is a money supply issue. Only our government can inflate our money. And it has.
“Inflation is a money supply issue. Only our government can inflate our money. And it has.”
Not always, and not exclusively.
The laws of Supply and Demand still apply.
A surge in demand, or a shortage of supply WILL cause inflation in the products in question. And if those products (food & energy) are essential basics, that product inflation will permeate the entire economy.
Ask Adam Smith, he’ll tell ya.