### Comment:
No... the way the fairy tale has always been explained to me revolves around labor shortages causing the increased wages (supply and demand). 
  
 Mysterious inflation that appears out of nowhere is not the proper thing on which to base economic theory

### REPLY:
That is one of the views, but if you look at it historically, increased wages come after the inflation. Inflation doesn't come out of nowhere, it comes out of the money supply growing faster than the underlying economy

### END.