When the worldwide supply of goods and services becomes scarcer, and the lower and middle classes have too much money. Then the middle and lower classes create

When the worldwide supply of goods and services becomes scarcer, and the lower and middle classes have too much money. Then the middle and lower classes create inflation for the things they buy. Tackling inflation isn’t even the job of the actual politicians you elect, it is entirely the job of the Central Bank, which is independent of the politicians you elect. Power was ceded to the banking system quite a long time ago, because politicians didn’t trust themselves. https://www.statista.com/statistics/1311945/uk-inflation-rate-central-bank-interest-rate-monthly/ https://www.statista.com/statistics/1311945/uk-inflation-rat... If you look at this excellent chart, it appears the UK central bank allowed inflation to grow for a year before it started tackling it. An earlier intervention would have meant lesser pain now.