Cost of living is about scarcity of basic necessities per amount of money people ready to pay, increasing money supply only boosts inflation regardless where those money came from
Your cap
The price of the dollar or rather the quantity of the dollar, no better way to lower the price (value) on any product than to saturate the market
The story that inflation is caused by labor costs is patently false. Higher labor costs are the result of government caused inflation, not the cause of the inflation itself. Read Mises or Friedman. Inflation is cause by governments inflating the amount of money in the economy or through driving down the value of money. It’s been going on since the middle-ages when kings devalued money by clipping the edges of coins reducing the weight of the coins and lowering the value of the money. The Biden administration just floods the market with paper dollars fundamentally doing the same to our money today.
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Nobody is blaming poor people for inflation.
Cost of living is about scarcity of basic necessities per amount of money people ready to pay, increasing money supply only boosts inflation regardless where those money came from
Your cap
The price of the dollar or rather the quantity of the dollar, no better way to lower the price (value) on any product than to saturate the market
The story that inflation is caused by labor costs is patently false. Higher labor costs are the result of government caused inflation, not the cause of the inflation itself. Read Mises or Friedman. Inflation is cause by governments inflating the amount of money in the economy or through driving down the value of money. It’s been going on since the middle-ages when kings devalued money by clipping the edges of coins reducing the weight of the coins and lowering the value of the money. The Biden administration just floods the market with paper dollars fundamentally doing the same to our money today.