[CoffeeCollector]

Most of your ‘refutation’ is dishonest, Keynesian, MMT nonsense. Fiat doesn’t get introduced unless printed or borrowed by the government. Full stop. Companies raising prices is not inflation and conflating that with government monetary policy is outright disinformation.

[kelnos]

> Companies raising prices is not inflation

Given that we base inflation numbers on CPI, inflation exactly is companies raising prices -- well, companies that produce the goods that are included in CPI, anyway.

Yes, we still have to consider the reasoning behind why they are raising prices. Personally, I believe it is more because of supply chain shortages than COVID fiscal policy (though the latter certainly contributes), but I agree that's up for debate.

[CoffeeCollector]

> Personally, I believe it is more because of supply chain shortages

Why?

[d4mi3n]

I'm not an economist and don't really understand your refutation. To help me understand your viewpoint, could you explain in simple language why government spending or policy is the only source and cause of inflation? Please correct me if that's an incorrect interpretation of your statements.

Going by what I see as an individual, there are lots of things happening around me that drive prices up that don't have any strong relationship to my government's policy (e.g. bird flu raising poultry prices). I also don't understand how this can be the case simultaneously across multiple governments around the world.

[CoffeeCollector]

https://en.m.wikipedia.org/wiki/Monetary_inflation