I had a great time at the CATO monetary policy conference last week. A brief view on why we're having inflation and the chance it will continue:
Briefly, a helicopter dropped. The Fed fell flat. And here we go. Grumpy got steamed up on this one.
If the embed doesn't work, try the direct link or the above conference link. Greg Ip moderated well, and stick around for insightful comments from Fernando Martin, Mark Sobel, and David Beckworth.