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Have you noticed something lately? My homeowner's insurance premium this year is 30% more than last year, and 80% more than two years ago. My auto insurance increased by 40% this year even though I have no claims or tickets. Shit, even the price of the dog food I have to buy is up 30% over this time last year. No inflation my ass.
Doesn't take long to google why: https://www.iamagazine.com/markets/covid-19-s-impact-on-homeowners-insurance
As people continue to stay at home, and even in places where people have slowly started to return to work, insurance carriers are seeing a shift in the kinds of claims customers are filing. More frequent and minor claims, such as water damage, have increased due to increased usage while people are at home.
I don't know about auto insurance, but the dog food is more than likely caused by idiots hoarding it like toilet paper, driving up the price, nothing the government can do about that.
Those are not arguments against inflation, they're just theories about why there's inflation.
Unless you're going to unseat the well-established laws of supply and demand, you literally cannot argue that increasing money supply doesn't cause inflation. What you can argue is that it doesn't have a large effect on how government measures inflation, but that's a whole other ball of wax.
Those are not arguments against inflation
Sure, but I argue it's just temporary market dynamics, not some irreversible currency devaluation.
you literally cannot argue that increasing money supply doesn't cause inflation
Quantitative easing doesn't work like that, see sibling comment.
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