I think the proximate cause it’s trade surplus caused by supply chain issues. This in turn is caused by mechanisms as you state which in turn are caused by unlimited fiat printing
All central banks are printing like crazy. Where do you think the money came from for all the unemployment during the pandemic? They simply printed it.
You are right there isn't hyperinflation in europe, but the actual inflation rate in many countries is at 30+ year highs. There are supply chain problems.
Serious question, do you know what inflation is? Growth and inflation usually go hand in hand, they don't cancel each other out. Inflation is normally a sign of an over heating economy.
I think the proximate cause it’s trade surplus caused by supply chain issues. This in turn is caused by mechanisms as you state which in turn are caused by unlimited fiat printing
All central banks are printing like crazy. Where do you think the money came from for all the unemployment during the pandemic? They simply printed it.
You are right there isn't hyperinflation in europe, but the actual inflation rate in many countries is at 30+ year highs. There are supply chain problems.
Have you tried buying a new car?
Your problem is you make the chips in china.but you have gravely larger problems coming
Serious question, do you know what inflation is? Growth and inflation usually go hand in hand, they don't cancel each other out. Inflation is normally a sign of an over heating economy.