Commentary In this world of monetary insanity, defenders of central bank constant easing try every day to convince you that inflation is caused by numerous factors, not by currency printing. Many blame inflation on cost-push factors or even speculation, but ultimately they are all consequences, not causes. Rising prices are always caused by more units of currency being directed towards scarce or tangible assets. Commodities exchange-traded funds (ETFs) are a clear example. In 2022, investors have been purchasing these products to protect themselves from inflation and generate real returns. They’re not a cause, they’re a consequence. With increased inflationary concerns, the likelihood of rising interest rates, and elevated geopolitical concerns, commodities-focused funds have seen record inflows in 2022. “Year to date through Feb. 25, commodities ETFs gathered $8.5 billion of net ETF inflows,” according to WealthManagement.com. This is not the full picture, though. Citing a Commodity Futures Trading Commission (CFTC) …