Very good video by professor Keen outlining how government debt doesn’t cause inflation, the private sector does. The two components that can cause inflation is energy (oil) and income increases (wages or government checks to people).
With this understanding, we can clearly see government issuing free money from covid sending to people to spend caused prices to rise. Issuing new bonds did not.
Between energy demands with AI and potential for Trump sending money to people, inflation is in the cards.
Well worth the watch.
https://youtu.be/CwCjgKmE0nE?si=RuDwsinzrXz2N90j
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