“It's not about the pace, it's about the direction we've set. The pace is of course a function of many factors, including the magnitude of the supply shock. But what's probably more important is the probability of the supply shock translating into sustainable embedded inflation.
Forget about inflation in the era of TikTok... What if this substack goes viral?!
I wouldn't worry about that considering most tik tokers are idiots that don't pay attention to the real world