[throw0101a]

> This so-called “transitory inflation” is really starting to seem like it will parlay into full blown inflation.

A lot of the people screaming about inflation were doing so using the argument that there's too much spending and the "excess" money supply will cause the US to turn into Zimbabwe (Fed printers go brrrrrr): demand-pull inflation.

The price fluctuations caused pandemic-related supply issues (cost-push inflation) don't have much to do with money supply and stimulus packages.

* https://en.wikipedia.org/wiki/Inflation#Keynesian_view

If things get too hot, it's easy enough for interest rates to be pulled up, but given un/employment isn't at pre-pandemic levels, policy makers may let things ride for a while.

[vvarren]

My argument doesn’t hinge on the excess spending. Rather, the increase of costs due to a labor shortage, chip shortage, construction materials shortage, etc. is having a compounding effect across the whole economy.

[frockington1]

The Fed doesn't seem to care about inflation adding even more burden to the poor. But hey, at least all the asset rich political donors are happy