People still think that inflation is caused mostly by energy prices not irresponsible central banks. We are still early.

Energy prices aren't that much higher than in 2008

https://fred.stlouisfed.org/series/PNRGINDEXM

Unlike in 2008 Inflation is completely out of control.

The most important cause is still ignored or even denied.

USD money supply was expanded by 40% in 2020 and 30% in the EU. This has never happened before in recent history. This is an expansion that is unheard of in first world countries.

https://tradingeconomics.com/united-states/money-supply-m2

https://tradingeconomics.com/euro-area/money-supply-m2

Not surprisingly an excess of money will drive prices up. Too much money chasing too few goods.

This is a much bigger factor than supply chains or higher energy costs.

One can clearly see how the CPI went up and up with the expansion of the money supply. It takes a while to show up in prices.

https://fred.stlouisfed.org/series/CPIAUCSL

I think it will take a while for the public to accept how much of an negative effect central bank policies have on their life and how much of it could have been avoided if people in charge had been more responsible.

Keep in mind these are the same experts that told us:

1. there is no inflation.
2. Inflation is transitory.
3. We can manage a soft landing.
4. There is no recession.

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https://preview.redd.it/qcfrvc668qv91.png?width=754&format=png&auto=webp&s=d5f45787b20db22a7a9eda60872c7d7b6b7e8c3e

https://www.wsj.com/articles/powell-printing-money-supply-m2-raises-prices-level-inflation-demand-prediction-wage-stagnation-stagflation-federal-reserve-monetary-policy-11645630424

Submitted October 24, 2022 at 05:44PM by bitcorner22 https://bit.ly/3sp49Bi