The cost-of-living crisis: "It’s not such things as 'supply shocks' or war that are responsible"

" All of this is due to [rapidly rising spending (and the resulting housing crisis]) as [central banks] continue to keep inflation flat. [As a result of [the bank's] actions] a system of tens and hundreds billion].
[supplies] "responsible" are not things like strikes or [war]. Without new "extra cash flows", rising oil prices will be accompanied by lower prices for almost everything. The reason for this is the purchase of oil etc. is to get almost all the extra money spent on the economy without spending it elsewhere, as the total gross spending capacity of the economic system will be limited by a limited amount. The price of oil and [food items] will not be as high as before…
"[Central banks] and the rest of the government think that their job is always to make sure that average stock prices and house prices never fall too low, to fill the economy with so many new things. prices. To achieve this will require additional money ... It can be thought that housing prices should drop significantly ... and the process should go too far.
"At the moment, in the near future, maybe nothing can stop [central banks] from continuing inflation. The big lobbyists are bigoted about this. and intermediaries love this. Homeowners love it, unions love it, the political establishment loves it… As the ecologically clean agenda for energy production dwindles, inflation subsidies will be used to fund it. It will lead to impoverishment, etc. Subsidies will be needed to compensate for them - more inflation.

: George Reisman, Creditor Protection Bill [emphasis added]. For a more detailed explanation of why supply shocks did not lead to higher economic prices , read Chapter 19 of his dissertation, Capitalism [from page 895] [free pdf here ]

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