NickRYou state:"Inflation is not caused by printing money and...

NickR

You state:

"Inflation is not caused by printing money and has not been since the 1970s when this discredited economic policy was banished - except for Zimbabwe.

Inflation has two causes: cost push and demand pull. I suggest you do some research before you accept the hysteria and conspiracies.."

To my understanding, cost push (an increase in costs of goods/services) can be attributed to increase in raw materials costs and increase in costs of labour and plant material (amongst other things).

Demand pull (an increase in demand) can be attributed to many factors, some of which are:
- Increase in employment level
- Increase in disposable income (courtesy of above point, as well as wage rises)
- Reduction of taxes
- Increase in government spending
- INCREASE IN SUPPLY OF MONEY

There are many others, too many to mention. But increasing the supply of money to banks in order to increase liquidity/credit in the economy by it's very nature is used to increase demand, thus increasing inflation. It might not be substantial every time, because the rate at which money is borrowed and spent might reduce when there is more of it in the economy, but an increase in money supply is to stimulate the economy, increase demand, and subsequently increase inflation.

Cheers