Economic growth alone doesn't automatically spark inflation—it's the policy mix that matters. Massive deficit spending paired with aggressive monetary expansion and rate cuts is what actually fuels price pressures. Consider the recent trade deficit figures: tariffs drove up import costs, while gold shipments hit record highs on the export side. These aren't coincidences. The interplay between fiscal stimulus, money supply growth, interest rate policy, and protectionist trade measures reshapes the entire demand-supply dynamic. When you compress money supply growth alongside trade restrictions, you get exactly what we're seeing: shifting import-export flows and commodity movement patterns that reflect real underlying monetary and fiscal shifts.