> Charts #6 and #7 are the most important charts that hardly anyone is looking at these days. What they show is that our recent surge in inflation was caused by

> Charts #6 and #7 are the most important charts that hardly anyone is looking at these days. What they show is that our recent surge in inflation was caused by a surge in deficit spending from 2020 through 2021. As much as $6 trillion of Covid "emergency" spending was effectively monetized, as it accumulated in the nation's savings and deposit accounts (M2). https://scottgrannis.blogspot.com/2023/05/inflation-is-so-over.html?m=1 https://scottgrannis.blogspot.com/2023/05/inflation-is-so-ov...