The Role of Money in Inflation

Every crisis is different, but at the same time there are some similarities. Most crises inflation-wise start with a series of excuses for why inflation is different from what people have expected. But actually, looking back through history, and I've looked through a lot of history, it's probably fair to say that money plays some kind of role. What you're now seeing is a situation whereby I suspect monetary policy was far too loose during the pandemic.