> > Inflation is really always and everywhere a monetary phenomenon. > It can be one, and that is certainly a contributing factor here, but if you can see the

> > Inflation is really always and everywhere a monetary phenomenon. > It can be one, and that is certainly a contributing factor here, but if you can see the obvious supply chain/shift in demand due to covid effects, then you’re just blinded by dogma. I didn't realize Jerome Powell commented on Hacker News! If you can't see how the change in the money supply over the past two years[0] may be the dominant and, dare I say, only explanation for the inflation we are experiencing, then—well—maybe I'm not the dogmatic one. [0]https://fred.stlouisfed.org/graph/fredgraph.png?g=LYjq https://fred.stlouisfed.org/graph/fredgraph.png?g=LYjq