Comments by "" (@BasementEngineer) on "Channel 4 News"
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Exactly correct. There may be numerous reasons for rising prices; shortages of goods and services is one of them.
However, putting money into circulation (which is a sovereign government's prerogative), for which no goods or services have been produced, will always cause rising prices somewhere, depending on who gets the surplus money.
In the past, certainly since 2008 or so, it was bankers and financiers who received the money. This had the effect of driving up prices of stocks and real estate.
With covid and helicopter money, the man-in-the-street received the largesse, increasing demand for consumer goods.
The interruption of shipping, war with Russia, etc. also have an effect on rising prices.
One might conclude that this is the perfect storm for rising prices.
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