DRIVERS OF INFLATION #9: EXCESSIVE MONEY SUPPLY GROWTH
Economists can not agree on what causes inflation, so we are writing a series of the ten drivers of inflation. Many people want to focus on rising food and oil prices as the reasons for the current inflation, and that inflation will go away if we get some relief in food and energy prices. We maintain that many of the drivers of inflation are pointing in the direction of higher inflation…for a longer period of time.
The ninth driver causing this current inflation is that money supply growth is excessive . . .
Continue Reading: ‘INFLATION’S DRIVER’ PART 9 OF THE SERIES
