To quantify “loose monetary policy,” between 2021 and 2022 the US Fed increased the money supply by 4x. Put another way 80% of all US dollars that have ever existed were created between Jan 2021 and November 2022.[1]
Prior to this event, inflation was tame. After this event inflation exploded. Coincidence? I think not.
Notably, the government then blamed COVID, supply chain issues, and the Ukraine war as the reasons for inflation, but neglected to mention money printing.
Prior to this event, inflation was tame. After this event inflation exploded. Coincidence? I think not.
Notably, the government then blamed COVID, supply chain issues, and the Ukraine war as the reasons for inflation, but neglected to mention money printing.
[1] https://techstartups.com/2021/12/18/80-us-dollars-existence-...