What’s Actually Happening with Inflation Right Now

<p><span style="font-weight: 400;">There is perhaps nothing more important or contentious in macroeconomics right now than the question of inflation. </span></p> <p><span style="font-weight: 400;">On the one hand, there is a growing concern that rapidly growing money supply and increasing central bank balance sheets will inevitably lead to inflationary pressures.</span></p> <p><span style="font-weight: 400;">On the other, critics of that point of view point to significant counterveiling forces such as the 10% unemployment rate and growing savings rate among consumers. </span></p> <p><span style="font-weight: 400;">So who is right?</span></p> <ul> <li><span style="font-weight: 400;">What are the specific narratives trying to say? </span></li> <li><span style="font-weight: 400;">What is the evidence and data actually telling us? </span></li> <li><span style="font-weight: 400;">And how are real people experiencing inflation today?</span></li> </ul>