“Shortages” Aren’t Causing Inflation. Money Creation Is
Estimated Reading Time: 5 minutes
For central bankers and mainstream analysts, the recent inflation outburst is only a transitory phenomenon that has nothing or very little to do with the massive monetary and fiscal stimuli unleashed during the pandemic. Although the Fed has recently conceded that price pressures are persisting longer than expected, the surge of inflation is allegedly due to supply bottlenecks caused […]