Inflation is so easy even a politician can understand it. Since we don’t normally barter, we use dollars. The more dollars there are the less they are worth. The less they are worth the more the crap from China costs along with the stuff we actually need.
Diamonds are expensive relative to silver. If a giant asteroid made of diamond landed softly on Earth, diamonds would be a little cheaper. Enough diamond asteroids land softly and silver gets more expensive than diamonds. Pretty simple.
In the real world prices of goods get a little more complicated of course. Places in Eastern Europe stop exporting fertilizer thus creating scarcity. Fertilizer prices increase as do products where fertilizer is an input. Same with natural gas. Same with oil. But real price inflation is caused by too much money.
M1 is the most liquid measurement of our money supply, it is composed of currency and deposits (checking and savings). With that, here’s a look at M1:
What’s interesting to me is how Putin has created so many dollars since Joe Biden was elected. Since I only watch CNN, MSNBC and Shawnna Hannity I know that Putin is definitely and also literally Hitler. So if Putin can pull off the magic act of literally being Hitler, I guess this feat is not a big deal.
Have to agree with your conclusion lol
Well, the Hitler of our false education- yes. Maybe someone should do a real history SubStack, and count me out.