No, inflation is spiking because the Government expanded the money supply by about 25%. https://fred.stlouisfed.org/series/M2SL https://fred.stlouisfed.org/ser

No, inflation is spiking because the Government expanded the money supply by about 25%. https://fred.stlouisfed.org/series/M2SL https://fred.stlouisfed.org/series/M2SL Now sit back, and watch every economist who doesn't pay attention to the money supply make a complete fool of themselves in public.