Is Transitory Inflation the Default Route?

i don't think inflation is a long term, a systemic problem. It's moreof a political problem that isn't really solvable, right? The system has so much debt that it needs to keep expanding. We're addicted to inflation because if we don't get another fix, we'll have a hangover. And the real bad hangovers, they look like 19 29. I think the system is more levered tow will it be as bad in practice? That's a different story. If you are worried about real inflation, if you're worried about continuing eight % numbers, or possibly going higher. What you should be looking at is what we're spending money on.