The current burst of inflation is global and is caused by a global pandemic that unleashed global shocks to global supply chains. There isn't much any one government can do, other than continue to push the Covid-19 vaccine out to as many people as possible.
False. The current inflation is the result of over a decade of growth fueled purely by money printing which has been accelerated since the pandemic when they shifted the money printer into afterburner. Like what did you expect would happen when the fed doubles the amount of money in circulation over the span of just two years?
Russia invading Ukraine and China pursuing a zero COVID policy, threw a spanner in this monetary house of cards the west economy was based.
Maybe we in the west should focus more on being more energy independent from hidrocarbures and more manufacturing independent from China instead of just focusing on increasing the price of stonks and housing.
You're being downvoted but you're absolutely right. QE was a policy of very very dubious merit already in 2008, and by the time the pandemic ended it was still going (and after Mar/2020 it went into turbo mode). The economy has NEVER went back to normal after 2008; in many regards we're still in the aftermath of the 2008 catastrophe.
The inflation was perhaps "triggered" by covid and the Ukraine invasion, but it was not "caused" by it. It was caused by monetary policy designed to keep asset prices inflated (and shaft the working class as a side-effect).
