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> There are multiple studies and theories being put out on why inflation occur, both now and in the past. I don't really see a major consensus on a single expla
by Jochim 4y ago
> There are multiple studies and theories being put out on why inflation occur, both now and in the past. I don't really see a major consensus on a single explanation.
I wasn't suggesting a general explanation for all cases of inflation. I'm saying that the current inflationary period has some easily identifiable causes and the measures that central banks take against general background inflation are actively harmful in this situation and instead should be tackled by government directly.
The second theory is the closest explanation for the current inflationary period and the measures are perfectly fine if you're talking about curbing the consumption of luxury goods and services. It falls down when you're targeting the necessities of survival because at that point you're effectively choosing to kill off some of your population because of a refusal to regulate.