> I'm skeptical that interest rate hikes will curb inflation. I'm even skeptical that a recession will curb inflation. Or rates will eventually cause demand de

> I'm skeptical that interest rate hikes will curb inflation. I'm even skeptical that a recession will curb inflation. Or rates will eventually cause demand destruction to the current levels of supply - which we have seen a bit of. But you're right, this was definitely not the typical inflation event. If inflation is defined as too much money chasing too few goods, supply chain issues from covid absolutely led to an acute too few goods situation. And a war, leading to sanctions on Russia certainly didn't help the energy supply.