Who are they?
I'm talking about the FED. So you say that the Federal Reserve doesn't create money, so it can't create inflation. Well, maybe that it's politics right now, but they usually do the opposite. Of course, the Fed is not solely responsible for generating money, since so are the Treasury Department and Congress jointly. Wrong monetary policy is what generates inflation; and the worst thing is that it is a wheel that must be in constant circulation, because, if they do not generate more money, then there will be no inflation, but the economic growth of the country will be reduced (which is is equal to recession).
And another thing, if the Federal Reserve is not responsible for the indiscriminate issuance of money, who is? because as far as is known it is the main entity responsible for such a matter. And if we understand that they have no idea exactly what the amount of money supply in circulation is, the matter is even more serious. I may be wrong about this, but in my opinion, if this is so, the matter is even more serious; because it means that they are tasked with printing money, knowing that there will be a glut because they have no idea how to locate or the exact amount of money in circulation that is in one form or another.
It is true that the traditional banking system with its credit policy is also responsible for the amount of money in circulation being imprecisely defined, but I believe that it is complex and impossible to remove all responsibility from the FED in this matter of the indiscriminate issuance of money. , as if they were innocent children who have no idea what they are doing and only act according to the circumstances.
In short, this is certainly a complex issue and we cannot say that it is easy to solve. When so many analysts, economists and experts who have been in charge of the matter over the years have not been able to come up with precise solutions to the problem of inflation-recession and the cycles of money issuance, it means that it is something truly complex for thousands of reasons, some of which are beyond the understanding of many.
I always like to talk about these topics because they are truly enriching, and because there are truly things that I understand perfectly about the subject, and many others that I still cannot understand no matter how much I think about them; that's where I'm open to learning about it every day. Your post is great. Continue writing on this topic another time.Greetings!