Data that shows that monetary issuance is not the only cause of inflation | A painful adjustment that doesn't hit the mark

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Data that shows that monetary issuance is not the only cause of inflation | A painful adjustment that doesn't hit the mark

The Government succeeded in installing the idea that inflation is the product exclusively of monetary financing of the fiscal deficit. However, the data refute this unique relationship. It is necessary to pay attention to the bid between price makers in uncompetitive markets. Monetary policy should not generate excess liquidity, but neither should illiquidity with a recessive tendency.