Toby McMann on Nostr: Inflation is a monetary phenomenon, not an oil phenomenon. Prices starting spiking in ...

Inflation is a monetary phenomenon, not an oil phenomenon.

Prices starting spiking in 2022, when the Fed took rates from near zero to close to 5%. Oil was not spiking.

So, no, oil is not the primary driver. Go back to start. Do not collect $200.