Lies, damn lies and statistics...inflation.

[Septua]

I switched to Fox this AM to see if they were talking about any of Trump's legal issues and of course they weren't...the border, crime and inflation dominate their daily air time. At some point Bartiroma was going on about our inflation being due to government spending, suggesting it's all Biden's fault. And she knows better than me, it's a false narrative. Needles to say, if the rest of the world was at 3 or 4%, we could point at Biden for the US inflationary conditions but the rest of the world ain't at 3 or 4%.

So as I've done so many times, I called upon Google to give me the facts, again.

Inflation’s root cause is demand outstripping supply. Many factors go into either increasing demand or reducing supply. For instance, when interest rates are lower, businesses and consumers find it easier and cheaper to borrow, which can spur increased demand. From the other direction, when supplies shrink significantly even though demand stays constant, as is particularly often the case with oil, inflation can also occur.

Some studies of the historical record suggest that government spending has no effect on inflation. Others find that it has some impact on inflation but is likely only partially responsible for the post-pandemic inflation spike. One study, for instance, suggested that government spending had contributed 3% of the increase in inflation.

https://www.yahoo.com/lifestyle/did-government-spending-alone-really-120000491.html

And all that makes perfect sense. It's supple-demand, with a little corporate greed thrown in.

https://patrioticmillionaires.org/2022/05/06/corporations-are-bragging-about-inflation-price-gouging/

[WarGamer]

1. The money supply is the catalyst for both...

[stopdiggin]

2. think I'm going to have to go with the OP

Covid related supply chain issues and the Russia/Ukraine conflict have both contributed in major ways to (world wide) inflation. And it requires a bit of contortion to file both of those under 'government spending/money supply' heading. (at least IMO)

(and the US housing spiral was in full force well before ... )