The Smart Reason to be Worried About Inflation: a Conversation with Kevin Ferry

What would happen if the pandemic never really "ends"?

I have been broadly sanguine about the rapid pace of consumer price increases since the spring because the data so far imply that those price spikes are largely one-offs associated with re-opening. Past experience and high-frequency private sector data imply that many of the categories driving the bad numbers of the past few months, such as used vehicle…