withMany countries are reporting inflation rates that have not been observed in decades. The United States has just announced an increase of 6.2%, the German consumer price index has risen by 5%, and the Eurozone inflation rate has exceeded 4%. If you include the cost of living space recently proposed by the European Central Bank, the ratio will be 0.2 to 0.3 percentage points higher.
The verdict on this development is divided into two camps. People will never get tired of explaining that this is just a temporary phenomenon. On the other hand, the other camp fears that, driven by expansionary monetary policy and rising national debt, they will have to prepare for higher price increases for a longer period of time. What are the main arguments behind these different opinions?
