Commodities Do Not Cause Inflation. Money Printing Does

Mar. 31, 2022 2:30 PM ETJO, DBC, GSG, DJP, GSP, GSC, GCC, RJI, BCM, BCI, BCD, COM, USCI, FTGC, COMT, PDBC, UCI, UCIB, FAAR, COMB, SDCI, CMDY, DJCB, JJS, CCRV, DJCI, TBT, TLT, TMV, IEF, SHY, TBF, EDV, TMF, PST, TTT, ZROZ, VGLT, TLH, IEI, BIL, TYO, UBT, UST, PLW, VGSH, SHV, VGIT, GOVT, SCHO, TBX, SCHR, GSY, TYD, DTYL, EGF, VUSTX, DTUS, DTUL, DFVL, TAPR, DFVS, FIBR, GBIL, UDN, USDU, UUP, RINF, AGZ, SPTS, FTSD, LMBS6 Comments
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Summary

  • Rising prices are always caused by more units of currency being directed to scarce or tangible assets.
  • The Ukraine war has created another excuse to blame inflation on oil and natural gas.
  • More units of currency are going to scarce assets as investors look for protection against inflation.

Printing 100 US dollar USD money banknotes

scanrail/iStock via Getty Images

By Daniel Lacalle

In this world of monetary insanity, defenders of central bank constant easing try every day to convince you that inflation is caused by numerous factors, not by currency printing.

Many blame inflation

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