> With stimulus checks and low interest rates, there was too much money chasing too little goods, causing prices to rise and YoY inflation went up to 10%. At l

> With stimulus checks and low interest rates, there was too much money chasing too little goods, causing prices to rise and YoY inflation went up to 10%. At least half the run-up in inflation was on the supply-side of things: * https://www.frbsf.org/economic-research/publications/economic-letter/2022/june/how-much-do-supply-and-demand-drive-inflation/ https://www.frbsf.org/economic-research/publications/economi... Or have people forgotten oil and food/wheat prices spiking (thanks Russia!)? (Clogged ports for goods didn't help earlier in the pandemic either.)