How Can We Fix Inflation? With Economist Steve Hanke | The Problem With ...

He is correct about growing M2, but taxes must go up on wealthy. Minimum wage and child tax cut need to go up.

Higher interest rates are important because savers are underpaid, while speculators are overpaid. 

We are experiencing market inflation, but not wage inflation. Wages need to catch up. 

The biggest boon to the money supply for speculators was the Ryan-Brady-Trump tax cuts. The Fed juiced the pushing their speculation into the economy, especially in housing finance instruments enabling house price inflation.

Gas price inflation came from speculation caused by NYMEX deregulation. Giving tax cuts and free money to investors from the Fed fueled this. Dodd-Frank was what fixed oil speculation. Restoring it is fixing it. It was not even enacted until after most QE. 

See work of Nomi Prins to show how money supply growth did nothing to spur higher prices (outside the stock market).

This type of monetarism cum Keynesianism is old and tired. Bad advice for the economy.

It is entirely untrue that the Fed monetized the debt. The wealthy, who are under taxed, bought most of it. This gooses capital speculation.

Read the Treasury Bulletin to find out who owns the debt.