My implication was extraordinary inflation isn’t good. The fed, since Bush/Clinton/Greenspan targeted 2-3.5% as desirable “good”. What I mean is if what we ha

My implication was extraordinary inflation isn’t good. The fed, since Bush/Clinton/Greenspan targeted 2-3.5% as desirable “good”. What I mean is if what we have now (which is about double the norm) were good, we would have done it a long time ago and so would have others.