> one thing that can reliably trigger inflation in almost any country is oil/gas shortages I am convinced we are making a huge mistake by conflating shortage o

> one thing that can reliably trigger inflation in almost any country is oil/gas shortages I am convinced we are making a huge mistake by conflating shortage of raw material with general inflation. If there was shortage of food tomorrow, the correct responce is not to raise interest rates - that would cause even greater problems and famine. The correct responce is immediate intervention to expand supply - build greenhouses, accelerated permits, zero interest finance for agriculture, etc. This issue will lead to disaster as climate change bites - we are only managing fictisious financial parameters and ignoring what is happening to physical atoms.