Are inflationary expectations the key cause for general rise in prices?

Source: Cobden Centre
by Dr. Frank Shostak

“We suggest that without the preceding increases in money supply, all other things being equal, there cannot be general increase in prices, which is labelled by popular thinking as inflation.” (03/13/25)

https://www.cobdencentre.org/2025/03/are-inflationary-expectations-the-key-cause-for-general-rise-in-prices/