yes that is correct, inflation is nothing new but the current economic scenario is partially different from what we have experienced in the past. I would like to point out that the inflation we are experiencing is caused by 2 economic shocks:

• the pandemic from Covid 19 that halted the economy which like a spring was compressed and then restarted, resulting in the triggering of demand exceeding supply (Demand Inflation);
• the reduction in the supply of energy commodities due to the war between Russia and Ukraine (Cost Inflation);
• the higher cost of labor due to excess employment. Again, this is often referred to as an equilibrium unemployment rate (Cost Inflation).
• The excess money circulating in the economic system due to state subsidies.
  All of this put together is a fire that must be controlled and allowed to rage, at least according to the dominant macroeconomic doctrine advocated by the FED and IMF (I'm just quoting Blanchard's macroeconomics textbook to you, be warned it is hard to digest).
  We are in the hands of a few people who hold the world's wealth; the elite must maintain their status. Do you really think they are not behind the collapse of crypto? I will do a follow-up post on the latest attack perpetrated, the one towards Luna that brought the whole project down (which by the way, let's face it, had its vulnerabilities and the responsibilities of the Terra Foundation, as well as the merchants, are not few)