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The King’s Inflation Theory

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In the US, M3 grew at an annualized rate of 24% at the end of last year, falling back to just 13% in the most recent numbers. In the UK, M3 has been up for a while at 13% a year, falling to around 7%. The transmission mechanism between widespread money growth and its impact on inflation is still a matter of debate. But the fact remains that we have experienced a significant, albeit temporary, increase in the growth rate of widespread money, and we are currently experiencing a notable increase, although although perhaps only temporarily, inflation.

https://www.washingtonpost.com/business/the-king-canute-theory-of-inflation/2021/11/24/c26b45ca-4cf0-11ec-a7b8-9ed28bf23929_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business The King’s Inflation Theory

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