It does seem like the most obvious cause. Though inflation is really really weird, I had a professor explain the feds tools to control inflation back in colleg

It does seem like the most obvious cause. Though inflation is really really weird, I had a professor explain the feds tools to control inflation back in college. According to her, the #1 tool they have to control inflation is announcing what inflation will be before it could even happen. Companies write it into their contracts, and that sets the bar for corporate spending and expectations. It's going to be interesting to see how well that holds up when the amount being printed is this extreme. We're definitely going to learn something about the fundamental truths of our economy/global economy/modern monetary theory.