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The "experts" and the goofy economists and the government bull*****ters can spin it just about any way they want but what it boils down to is a very simple truth. Although of course there are a variety of other items that mitigate and affect inflation, the fact of the matter is that there is only one major cause of inflation:
An increase in the money supply of an economy that does not correspond to the increase in the output of goods and services by that economy. Anyone who tells you otherwise it either incredibly stupid or being mendacious.
There was a cute little story I saw long ago about an island economy that had only 100 inhabitants and a given amount of coins/money that they used in their required daily trading among themselves and the other local islands. It was very good in indicating how "inflation" really works. I'll try to find it.
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