I’m sorry, but the whole “inflation is a monetary phenomenon caused by excess money in the economy” neoliberal trope has been scientifically debunked so many times, that it’s inexcusable that people throw it around.
Look at any serious study of the 2022 inflation and they all point to the same: rise in energy prices, bottlenecks in the supply chain, and companies artificially increasing prices above the increase in their operational costs to increase profit.
If you’re still not convinced, please explain me how the fed creating dollars led to inflation in the Eurozone, or why if it’s a monetary phenomenon, prices didn’t increase homogenously in European countries that share the same currency.
I’m sorry, but the whole “inflation is a monetary phenomenon caused by excess money in the economy” neoliberal trope has been scientifically debunked so many times, that it’s inexcusable that people throw it around.
Look at any serious study of the 2022 inflation and they all point to the same: rise in energy prices, bottlenecks in the supply chain, and companies artificially increasing prices above the increase in their operational costs to increase profit.
If you’re still not convinced, please explain me how the fed creating dollars led to inflation in the Eurozone, or why if it’s a monetary phenomenon, prices didn’t increase homogenously in European countries that share the same currency.