Inflation, boy, I dunno

Column: American economists and consumers got inflation wrong during its recent surge. They still do

Fed and Treasury officials were ridiculed for predicting that the post-pandemic surge in inflation would be 'transitory.' But they were right all along.

If anyone puts out Larry Summers in front of you again just remember that instead of waiting and then doing basic monetary theory shit, Larry Summers wanted to send maybe as many as double digit millions out of their jobs and into personal distress to fix something that it wouldn't fix. Seems bad!