You are right. There are two sources of inflation: 1. Inflation caused by increasing demand (often due to more money coming into the hands of people/companies/

You are right. There are two sources of inflation: 1. Inflation caused by increasing demand (often due to more money coming into the hands of people/companies/institutions) 2. Inflation caused by reduced supply (often due to logistics, productivity drops and reduced trade) With covid, we had both. At this point, we have far too much money in the hands of speculators and too few producers of goods and services in the world. The Fed can use interest rates to reduce demand. But they will also reduce supply because many producer businesses will go bust. I know this is heavy handed but the real policy help at this point is to ensure that there is more money to be made in real production and less in speculation. All the real estate agents, flippers and day traders need to be sent to factories to produce actual things.