I'm no economist but... grabs macroeconomics book from shelf Yeah it's definitely more than just monetary phenomena. I'd argue that bad fiscal policy makes it

I'm no economist but... grabs macroeconomics book from shelf Yeah it's definitely more than just monetary phenomena. I'd argue that bad fiscal policy makes it happen and jiggering the money supply is what we do to fix mistakes by terrible leadership, but that's certainly also an oversimplification.