The inflation situation is pretty simple
Are supply-chain problems overhyped? Matthew Yglesias argues that the Democrats are ignoring the fact that the economy has taken a turn for the worse. Here he looks at the supply chain narrative, the fracking capital strike and the reforms needed to get America back on track. "In other words, we're not looking at a world that has, in the aggregate, lost the capacity to ship goods to people. We're looking at a world where we delivered a very large quantity of fiscal stimulus in multiple doses, leading people to increase the pace at which they purchase goods."
From Matthew Yglesias