- Joined
- Jan 19, 2023
It's 100% a monetary policy issue, so there's not much else anybody can do besides raise interest rates and reduce the money supply. This is a good thing in a sense because it's not being driven by actual shortages, so if you can get those monetary factors under control you'll quickly bring inflation under control.Their solution to lowering prices is literally “pump more oil” and anyone with two braincells can see how retarded that talking point is.
The big challenge is there was an enormous amount of money printing between 2020-2021 related to COVID, and monetary velocity is still nowhere close to historical levels and still below pre-COVID levels. That means persistent inflation as velocity increases until real output catches up with the money supply, if it doesn't that itself is an issue but it's a whole other topic.