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Inflation and Monetary Policy: A Political Perspective
This chapter explores the intricate relationship between government policies and inflation, arguing that inflation is often a result of political decisions rather than an inevitable economic outcome. It examines recent fiscal and monetary responses to COVID-19, the implications of excess money supply, and the distortive effects low interest rates have on economic behavior and investment decisions. Additionally, the discussion highlights how these factors are influencing current market conditions, including the impact on equities and the rise of cryptocurrencies.