28 July 2023
Advocates of interventionism habitually lay the blame for inflation on a myriad of factors, yet they overlook the single most influential cause: the issuance of more currency units than what the real demand dictates. This notion of ‘seller inflation’ is merely a derivative of the ‘cost-push inflation’ fallacy. It’s a clever strategy designed to obfuscate the true source of the issue and attribute the root cause to factors that cannot, in reality, trigger an aggregate price increase. This misdirection not only confounds citizens but also shifts the focus away from the genuine economic dynamics at play.