“Structural inflation, the underlying cause is growth in the money supply on a sustained basis.. . If we see inflation on a persistent basis, it has to be because the money supply itself is also gro...
The baseline of inflation is not zero. Maybe it should be. From a couple years back the USA started using a years back using a year of high inflation as baseline. Other countries use a different basket of goods. Inflation then is not absolute truth, but dependant on who measures it. Country A could report 1% when if measured same basket and baseline could actually be higher. And as inflation measurement changes itself over years, it now seems more a tool of political nerative rather than truth.