> There's been significant expansion of the money supply, which got the US through COVID at a one-off cost of about 10% inflation in one year […] Not just the

> There's been significant expansion of the money supply, which got the US through COVID at a one-off cost of about 10% inflation in one year […] Not just the US: a lot of countries implemented stimulus packages to get their economy going post-COVID. The inflation of these programs was unexpected/predicted: * https://www.piie.com/blogs/realtime-economic-issues-watch/inflation-fears-and-biden-stimulus-look-korean-war-not-vietnam https://www.piie.com/blogs/realtime-economic-issues-watch/in... I think it's also worth noting that a lot of people have 'forgotten' other factors happening besides stimulus and monetary (central bank) policy—especially when it comes to energy and food prices: * https://en.wikipedia.org/wiki/2022_Russian_invasion_of_Ukraine https://en.wikipedia.org/wiki/2022_Russian_invasion_of_Ukrai...