Appen and the Nasdaq, page-57

Thank you for sharing- Its all very text book logic but in reality its hard to control inflation. Government using Tax payer money to help people during COVID/collapsing economy. who end up benefit the most? The people benefit the most are these people who are the successful and using debt to invest from previous economical cycle. They are the ones keep investing property, shares and commodities creating more inflations.

If Government tighten too fast, people suffers. Too slow the government create more debts for next generations tax payers.
In summary, this is natural progression of so called capitalism.

'For central banks, asymmetric policy alternatives leave an unlimited ability to tighten and a limited ability to ease on their own, which encourages delay and falling further behind, which is likely to make it increasingly difficult to balance economic growth and inflation. Given the inertia in the system, it is unlikely that the current level of nominal spending growth and its impacts on inflation can be contained without aggressive monetary tightening in the very near term'