Keep in mind as you review this article from the Wall Street Journal that every corporate (think Wall St) media outlet, has claimed for well over a year, that inflation was predominantly a demand side issue. In essence, consumer demand was so strong that prices were rising because of it.
The demand side argument/justification for inflation was always false. However, it was/is still the claim made by members of the Biden administration and almost every board member of the federal reserve.
All of them, almost universally, dismissed the supply side inflation argument which is the reality at the epicenter of inflation causation.
Inflation was/is an exclusive outcome of three supply side aspects which merged simultaneously: (1) the Joe Biden energy policy, (2) the Joe Biden promoted covid response via legislative spending, and (3) the promoted Biden administration monetary policy.
While the legislative spending did create artificial economic activity, all of these inflationary sources are supply side impacts.
The demand side claim for the origin of inflation was always a ruse, a con, a complete farce intended to backstop the claim that inflation would be “transitory” once consumer spending moderated. From that perspective every approach from government toward controlling inflation was wrong. Not wrong by accident, wrong as a matter of deceit and purposeful media manipulation in order to maintain the “Build Back Better” or “Green New Deal” agenda….. which, I might add, benefitted from the advanced Wall Street investment in both constructs, globally and domestically.



With a pending global food shortage only looking worse by the day British Prime Minister Boris Johnson has proposed to use biofuel farmland to grow food that can be consumed by people.
