Price inflation is rising, but it has nothing to do with tariffs, says Daniel Lacalle

Daniel Lacalle : Price inflation is rising, but it has nothing to do with tariffs.

He says the Federal Reserve created price inflation in 2020 when money supply growth rose at its fastest pace in decades to finance the enormous increase in government spending.

Lacalle says inflation is the erosion of the currency’s purchasing power.

Daniel Lacalle , PhD , economist and fund manager, is the author of the bestselling books Freedom or Equality ( 2020 ), Escape from the Central Bank Trap ( 2017 ), The Energy World Is Flat ( 2015 ), and Life in the Financial Markets ( 2014 ). Original article link.