Welcome to the world macroeconomic barfights. The cause of inflation is a hot topic today. There are many possible culprits for inflation: war in Ukraine; low interest rates; new coronavirus variants; lockdowns in China...
John Cochrane, The Grumpy Economist with a central explanation, stands just around the corner. He explains that government spending and borrowing are the main reasons.
Take a look at some of our previous episodes about inflation.
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