I do find that they're pretty bad at the whole picture. I'm guessing it has much to do with remembering that "money" isn't at all valuable, "goods and services"

I do find that they're pretty bad at the whole picture. I'm guessing it has much to do with remembering that "money" isn't at all valuable, "goods and services" are. So this is pretty far from a science; but if there's reasonable "optimism" or more precisely "good churn in economic activity," the effects of inflation will be dampened.