"But muh imaginary numbers on a screen!"
(nitter.net)
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The excuses these people make for their lack of knowledge are incredible.
Inflation is not the result of a "cartel", but because of reckless government spending.
Money supply goes up, money loses value. Very simple. No conspiracy needed.
Government spending doesn't necessitate increase of money supply. The conspiracy here is that the centralized banking system inflates the money supply by money printing and control of interest rates, thus robbing people of their savings and creating the boom-bust cycle which causes economic instability.
Which is total crap, because money is only printed by the Fed when Congress spends more than they have.
Interest rates should be higher, for longer, but the natalist regime wants to bring them down because their debt is about to roll over at 4.1%, creating a $1.6T bill.
But hey, you wanted the higher birth rate. Prepare for the consequences.