Where is the money? That’s what puzzles me.
But inflation can only result from an increase in the money supply.
“Where is the money?”
IIRC, in the last 5 years, the wealth of the top 1% has increased somewhere around 1 trillion dollars.
That’s where some of it’s sitting.
They are accumulating wealth faster than they can spend it.
The 1% are running out of things to spend it on, they already have it.