Ex-Central Bank Boss Admits Post-Covid Inflation Was Caused By Money Printing

In a rare moment of truth aired on the BBC, former governor of the Bank of England—the world's first central bank—Mervyn King, admits that the soaring inflation and living costs experienced worldwide post-Covid, were a predictable result of money printing by central banks.

"During Covid, when the economy was actually contracting because of lockdown, central banks decided it was a good time to print a lot of money. That was a mistake. That led to inflation. We had too much money chasing too few goods, and the result was inflation. That was predictable. It was predicted and it happened."

Source: https://www.youtube.com/watch?v=B7y93_xVde4

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