You do "need a recession". Without one you cannot reduce inflation not the kind that we have right now. Inflation driven by an external price shock like the A

You do "need a recession". Without one you cannot reduce inflation not the kind that we have right now. Inflation driven by an external price shock like the Arab oil embargo in 1970s is one example of one that can be alleviated without recession by bringing on supply. This current state of inflation is direct result of a massive increase in the money supply caused by the government shoveling money out hand over fist. That money was printed. People were being paid without producing any goods. More money same amount of goods equals inflation. A reduction in gross economic activity is the only way to halt the wage price spiral. Every law passed by the federal government that increases spending including the IRA is actually making current inflation worse. (While there is something to be said for the IRA making investments that could ease inflation in the future there's absolutely nothing they are doing to help it now but plenty to make it worse.) The belief that you can reduce inflation without a recession is based on wishful thinking with no examples in history. I studied applied economics in college and the first code I ever wrote outside of the class was inflation simulations in the early 2000s. At that time we thought that loose monetary policy was a thing of the past and we would never have such an irresponsible group of people advising economic policy. But unfortunately we did thanks to an obscure and unproven theory called MMT. It's the string theory of economics in the sense where a bunch of passionate people have dedicated their careers to it and nothing good has ever come of it.