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Money and BanksMoney and Banking
Conflating "inflation" with a general rise in prices prevents understanding the true problem with inflation.
Even with falling interest rates and high liquidity, there have been spectacular bankruptcies, so imagine what can happen when rates rise.
The new Fed Chief Powell was optimistic at Congressional hearings this week. But he may have inherited a quickly-expiring boom.
The FedMoney and Banking
When the Fed began paying interest on bank reserves, it kept a lid on inflation. But now there's no easy way out.
Legal SystemMoney and BanksMoney and Banking
Money and BanksMonetary TheoryMoney and Banking