Inflation is the oversupply of money, for the amount of goods available.
So, injecting more "created" money into the economy, increases inflation.
If you keep goods at the same level, and double the amount of money, then the costs of everything goes up.
If you keep the money at the same level, and halve (is it half? or halve?) the amount of goods, then the costs of everything goes up.
And then our government, locked many/most people away from producing at their jobs, which reduces goods. Which produces inflation.
Then, they paid people to NOT produce, which added more money per amount of goods, which added to inflation.
They literally worked the top AND bottom of a fraction.
Double the top of a fraction, and then half the bottom of a fraction, and the effect is not double. It quadruples.
So, they hit both sides of the inflation.
And then said... it was an effect they could NOT foresee.
Cause you know that 8th grade education that caused MANY people to predict, somehow the economy eggheads thought that because they WISHED it to be untrue, in fact was true.
So, injecting more "created" money into the economy, increases inflation.
If you keep goods at the same level, and double the amount of money, then the costs of everything goes up.
If you keep the money at the same level, and halve (is it half? or halve?) the amount of goods, then the costs of everything goes up.
And then our government, locked many/most people away from producing at their jobs, which reduces goods. Which produces inflation.
Then, they paid people to NOT produce, which added more money per amount of goods, which added to inflation.
They literally worked the top AND bottom of a fraction.
Double the top of a fraction, and then half the bottom of a fraction, and the effect is not double. It quadruples.
So, they hit both sides of the inflation.
And then said... it was an effect they could NOT foresee.
Cause you know that 8th grade education that caused MANY people to predict, somehow the economy eggheads thought that because they WISHED it to be untrue, in fact was true.