I think it's probably some of both incompetence and criminality. No one with just a little intelligence would be dumb enough to think with the amount of money they pumped into the world economy since before and during the pandemic it wouldn't be inflationary. The average person on the street can figure that out. The Banksters won't admit it because they want to actually attempt to inflate as much debt away as they can. They lie saying crap like the inflation is just transitory, knowing full well it's not.
They created all this money to not only bail out the banks again, but to pull the world economies through the pandemic and of course they vastly over-shot on the money that was created.
What the Professor being interviewed is saying isn't rocket science, it's just simple economic logic. I think he calls them incompetent to keep from admitting that most of what's going on is really criminal. Even he knows they can't be that stupid....with the exception of Joe Biden.
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