Inflation or lockdown whiplash?

Source: Cobden Centre
by Keith Weiner

“Mainstream analysis sees rising consumer prices, and looks for a monetary cause. Also, when it sees an increase in the quantity of dollars, it looks for rising consumer prices. It is a fact that the quantity of what the mainstream calls money (i.e. the dollar) has risen at an extraordinary rate. The M0 measure has nearly doubled since the start of Covid. It is also a fact that many prices have jumped up significantly. So only one question is open for debate. Is inflation transitory as Fed apologists claim? Or is it now running away, as Fed critics worry?” (07/19/21)