it's crazy because there isn't much evidence of demand induced inflation There are two fundamental components to inflation. Supply and demand. The mere fact th

it's crazy because there isn't much evidence of demand induced inflation There are two fundamental components to inflation. Supply and demand. The mere fact that we have inflation means that either supply is too low or demand is too high. Your statement seems to be saying, "there is evidence that 100% of the inflation we are experiencing is from supply side". That obviously isn't true. Meanwhile, real wages, which have been fairly stagnant compared to profits over the last decades, are now down. In the U.S., this is meaningless because at the low-salary end we had direct stimulus and tax rebates. In the mid salary end we had direct stimulus, tax rebates and modest asset (home/stock) appreciation. In the high salary end we had PPP loans (direct stimulus on steroids) and huge asset appreciation. All of this leads to more money available which increases demand. Near me, beach rentals have gotten up to $25,000 per week for a house. A ridiculous sum of money to stay at a house for a week! But if you're "making" $25,000 per month in the stock market? Doesn't seem so crazy anymore and it's why rentals have gotten up that high.