Rising Inflation and Just One Possible Alternative Theory to "Supply Chain Issues"

 Click here to read the original Cautious Optimism Facebook post with comments

The Cautious Optimism Correspondent for Economic Affairs and Other Egghead Stuff has seen no shortage of what appears to be coordinated news headlines pinning recent elevated price inflation on "supply chain issues."

Well he’d like to offer a small alternative theory via this simple chart from the Federal Reserve:

There are 35% more dollars circulating in the U.S. economy than there were 19 months ago.

Actually, the Correspondent has written in more detail on the money supply factor in a previous entry (see below) but is also growing tired of the media chanting presumptively that the "supply chain" theory is the only explanation.

Does anyone think a 35% increase in the M2 money supply and the Fed's unwillingness to-date to restrain its continued growth might be relevant enough to warrant just a little media mention? 

Or has the money supply become the economic equivalent of Hunter Biden's laptop?

ps. Since Facebook only allows one photo per post, please check these additional charts/URL's for money supply aggregates in Canada, the United Kingdom, and the Eurozone. The press blames “supply chain issues” for global price pressures, but does anyone see anything else in common in all these places?

Canada:

UK:

Eurozone: