This piece follows from my previous two-part post: “High Inflation: Where Did It Come From, Part I and Part II.” Basically, that was an attempt to debunk some typical narratives about the sources of our current high inflation numbers, and to come up with a reasonable story that allows us to sort out monetary policy for the immediate future.
I am a new reader trying to get sorted on economics at the macro level after an intro/intermediate sequence.
Thank you.