Inflation

My view on inflation is that printing money doesn’t lead to inflation unless there is an under-supply, and therefore cash competition for, of staples; bread, milk and accommodation, and the like.

If all that extra cash is directed at discretionary spending items then there is naturally less competition even if the items are in short supply. So no inflationary effect worth worrying about.

So why don’t governments just ensure the staples are ok and print as much money as they want? Hang on….