Any Economist Claiming to be Surprised by Inflation is a LIAR

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by squaremild

It’s basic economic theory — Rapid expansion of the money supply leads to inflation. No economist (i.e. Janet Yellen) can claim inflation was an unforeseen consequence of printing trillions of dollars starting in March 2020. To compound this problem, the system which reflects the value of the dollar — the economy — was ground to a halt for months and months and months with complete disregard to future impacts.

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See also Inflation Alert! Fed Governor Philip N. Jefferson: "if you are willing to widen your lens to include a more commonplace definition, then it is possible to conclude that current monetary policy is, in fact, "on track."" "The bad news is that there has been little progress on core inflation."

fred.stlouisfed.org/series/M1SL

www.investopedia.com/insights/what-is-the-quantity-theory-of-money/

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