No, Covid spending wasn’t the only factor, but…

by Tyler Cowen January 22, 2024 at 3:24 am in

Data Source
Economics

Barro, CPI rate correlation with covid spending in 37 countries pic.twitter.com/AD47gPTbYb

— 161phi (@161phi) January 21, 2024

A year or so ago I recall telling Bari Weiss in a podcast that the inflation was perhaps half real shocks, half an aggregate demand problem. Don’t let the revisionists talk you into the hardcore RBC view!