So we know Inflation is mainly due to too much money swirling around in the economy and/or price gouging

Is the answer higher taxation on the rich? More price regulations? Or something more nuanced?

I changed the title from Leftist to Soc-dem, cause leftist answers usually mean complete revolution- what's an answer that I can condescendingly tell my centrist friends that will 'fix' the economy without throwing all working economists to :gulag: