Why We Need a Greed Index to Explain Inflation

Greed is a bad candidate for explaining the rise of inflation because it would not account for when prices do fall sometimes. One other, I won't call it a myth, but one other common cause of inflation that's thrown around is the idea that the government spending during the COVID lockdowns has become inflationary in the long run. Everybody who wants to talk to you about inflation is basically telling you a story. So where does this leave us? My takeaway is that when someone claims they understand inflation, they probably don't.