An 18% tax increase if you want to eat. And no significant policy change has been made to curb inflation yet. Rate hikes are clearly not the solution. But they still think so and it won't well. Just a matter of time until people turn on each other imo. It's the path of least resistance. The inflation is caused by a myriad of things and not one of them seems to be addressed. The article even blames the increase on "the price of vegetables going up" that's great work. Great insight. And no, money printing is not the sole driver of inflation. Productivity matters, energy policy, leadership and morale in the world, taxes and regulations, you name it. It has as much an impact as money printing and if those conditions are good they can even offset it.
Let’s blame it on the vegetables. In parliament.
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I’m glad I just took up intermittent fasting.
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False.
Inflation is simply an increase in the number of units of a currency.
Nothing more.
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But, a lot this inflation is also from energy policy. ESG policies make energy more expensive, which makes everything else more expensive to make.
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False.
Inflation is simply an increase in the number of units of a currency.
Nothing more.
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imo the term "inflation" can have multiple meanings. it can mean the increase in prices, but it can also mean an increase in the supply of money in circulation
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