Inflation is a disease (1978) [video]
the elephant in the room (that is really overlooked in these discussions) is that a lot of the current inflation is not coming from money policies but rather from supply side issues. E.g. gas and oil due to the ukraine war (also wheat, nickel etc.), less microchips from china due to its handling of covid (lockdowns) and the change in consumerism due to covid which resulted in more demand for things like bicycles, office hardware for home office, baking machines etc. etc.<p>So why is this supply side aspect often overlooked? Not so much because it is not known but rather because a lot of crisis handling in the last decades came through to the central banks and thus monetary policy. However, this can only be one aspect. We need more classical invention from governments wrt taxes, subventions etc. So, basically, what nearly every economic problem is about: inequality and reallocation of resources.