I think we're at an impasse. There's nothing more to argue without actually quantifying it which is going to be extremely difficult at this point. This [1] cite

I think we're at an impasse. There's nothing more to argue without actually quantifying it which is going to be extremely difficult at this point. This [1] cites some beginnings on that front but we'll see what comes of it. The experiment is being done with or without that information though; the central bankers are acting on your story, not mine, so the blood will tell. My bet is that it can't possibly be enough (because the problem is material) and the consequences of the failure to recognize that are going to be very serious. > Right now, the Fed has no control over the main drivers of rising prices but the Fed can slow demand by getting a lot of people fired and making families poorer. This is the tip of the iceberg, I say. The global effects will be catastrophic. Edit: Yep, it's already hitting [2]. And there's your reason for lower inflation in Asia, subsidies and other state spending, so basically the opposite of what you were saying. 1. https://stephaniekelton.substack.com/p/inflation https://stephaniekelton.substack.com/p/inflation 2. https://www.bloomberg.com/news/newsletters/2022-06-27/asia-s-inflation-buffers-weaken https://www.bloomberg.com/news/newsletters/2022-06-27/asia-s...