Name:   MartiniMan - Subject:   Inflation numbers are going to be sky high Date:   4/12/2022 8:11:55 AM

Janet Yellen is a committed leftist first......being a sound economist is not even in her top 10.  There is a reason economics is called the dismal science.....and I use science here very, very loosely.  The problem here is either a lack of knowledge of history or the arrogance to think that this time it will be different.  Am reading an interesting but dense book on the history of money and the banking system in the U.S.  While I am just up to around 1900 what is fascinating is case after case where the banking system was allowed to increase the money supply which caused inflation every time.  That is what caused the great debate over the gold standard versus fiat (paper) money with no intrinsic value and an unlimited supply.  But I can tell you there is a 100% correlation between increasing the supply of money and inflation...100%.

Inflation was caused by two huge infusions of cash into the economy as it was recovering from the plandemic and the Fed's QE policies.  They were not needed in 2021 and all they've accomplished is to increase our national debt and stoke inflation.