>The main driver in inflation is monetary velocity I would say this is also mostly innacurate. Velocity is one factor, but may or may not be the driving factor

>The main driver in inflation is monetary velocity I would say this is also mostly innacurate. Velocity is one factor, but may or may not be the driving factor depending on circumstances. If a global pandemic shuts down most of the manufacturing cities in China, and a war in Ukraine takes Russian energy and Ukrainian grain out of the supply equation, then the velocity of money is irrelevant compared to supply constraints.