Eric Hovde: “Inflation is always a monetary event.”

“So the only thing that they're going to be left with is either getting on with the process of a long term solutions or they're going to use inflation. And that's why inflation has occurred. Inflation is always a monetary event. And what do I mean by that? What is the definition of inflation is? Inflation is too much money chasing a fixed amount of goods and services.” (04:12–04:16)

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