[aggronn]

Yeah, I am sympathetic to people concerned about inflation right now, but the basic Econ 101 explanation you give is just too compelling to alarm me (and apparently the Fed and others who do this for a living).

There is a clear mismatch in demand and supply. Supply is booming and its taking time for supply chains to catch up because of the structural damage that was caused by COVID. It takes time to fix that. This is short term angst, not a monetary crisis.

If there's a monetary crisis occurring (asset inflation?) its been going on for almost a decade now, and its not reflected in the CPI.