In the early 20th century, a great industrialist said:

"It is well enough that the nation's people do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

That was true in the early 20th century but is even true now. Please apply the economic equations and investigate to determine who and what the primary reason for the general price inflation we have all been experiencing, particularly for the past couple of years, is, and explain how it works. Provide references with in-text citations.