On: Even a global recession may not crush inflation

[SpicyLemonZest]

We've been trying that and it hasn't worked. If you remember the "transitory" arguments from last year, that's what those were about. The people saying inflation was "transitory", who won the argument at the time, meant that they agreed with your diagnosis and wanted to just let it happen for a while.

[fnordpiglet → SpicyLemonZest]

Maybe capital expansion and supply growth takes longer than a few months?

I know recession definitely do, and they’re a heck of a lot easier to stop than periods of growth.

I think frenetically switching monetary policy based on a relatively short trend is probably bad no matter what.