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

“We're all seeing those impacts. How does that work? Why does all that deficit spending create inflation? Because Inflation is always a monetary event. What does that mean? It means it's created by money printing. Why is the Federal Reserve been printing money? Because they had to buy all the debt that we've been issuing at the federal government level.” (05:37–05:40)

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