It's mostly a demand shock, not a supply shock[0]. The supply chains are busted mostly because of unprecedented demands. But considering that most normal people

It's mostly a demand shock, not a supply shock[0]. The supply chains are busted mostly because of unprecedented demands. But considering that most normal people spend just about all of their money each month, and with personal savings rates below where they were before CO-VID and credit levels rising, either inflation ends by itself or the demand as it turns out, is coming from the wealthy looking to shelter their cash in safe commodities during the recession and away from bubbled assets. [0]: https://www.bridgewater.com/its-mostly-a-demand-shock-not-a-supply-shock-and-its-everywhere https://www.bridgewater.com/its-mostly-a-demand-shock-not-a-...