> if they let inflation run its course What other posters are telling you is that there's no such thing as letting inflation "run its course." What actually ha

> if they let inflation run its course What other posters are telling you is that there's no such thing as letting inflation "run its course." What actually happens is that high inflation becomes baked into the normal operation of the economy, at which point it is extremely difficult to get rid of (i.e. not just raising interest rates above the inflation rate).