https://steadystate.org/wp-content/uploads/Inflation-GIF-sectors.gif 480 640 Brian Czech /wp-content/uploads/logo.svg Brian Czech2022-03-10 13:16:582023-01-04 08:47:12A Perfect Storm for Inflation: COVID, Loose Money, and Putin
A Perfect Storm for Inflation: COVID, Loose Money, and Putin
by Brian Czech
The current bout of inflation should be no surprise to steady staters. We have national and global ecosystems pushed to the limits by population and economic growth. At the same time, we have monetary authorities and heads of state—neoclassically oblivious to limits—eager to stimulate the economy with loose money. It’s a recipe for inflation.
We tweeted all the way back in March 2020 that inflation was coming.