Inflation is at a 40 year high. What can history teach us?
The only thing we learnt from history was that *we learn nothing from the history*.<p>For the past decades, what were the central banks all over the world doing? Nothing but printing money. Whenever there was a (economical) crisis, the only measure was printing money, *nothing but printing money*. Were the problems resolved ever? Never!!. They event pretended to be innocent by asking &quot;why there were no inflation&quot;. Of course, there was no inflation as the design of CPI, the indicator of indicator, was flawed. CPI does not consider price of assets, otherwise sky would be the limit. There were crisis simply because the money went to the people who didn&#x27;t it that much. Printing much made things worse as most of the printed money went to those didn&#x27;t need it much, but nonetheless had postponed them a lot.<p>Such pretending to be dumb game could have being played a lot longer if not the pandemic which made them had no choice but printing money and sending them to those in need. And all of a sudden, those who needed the money most had so much cash they had never imaged before? What were they going to do? For sure spending them all.<p>Now here is the long *expected* inflation, what are central banks planning to deal with it? Increasing interest rate to where it should be? Seems too hard, let&#x27;s print more money!