Government spending is a massive contributory factor towards inflation. These economists have abandoned universally agreed upon economic principles in order to push a baseless ideological narrative.

As all educated economists know, supply and demand are what largely determines price. At the height of COVID epidemic the government shutdown the economy which greatly reduced the supply of everything. Demand however did not fall as rapidly due to stimulus checks, enhanced unemployment benefits, corporate handouts, and the feds multi-trillion-dollar asset buying campaign. Due to the severe imbalance between supply and demand, the economy ended up suffering a massive inflationary shock.