Eric believes the most important factor for determining whether current inflation is transitory or represents a new secular inflation is examining how the inflation characterizes itself and comparing it against historical supply-shock cases versus monetary inflation cases.
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Speaker
Eric TownsendEvidence Quote
“I'm going to argue that maybe the most important thing is figuring out whether this inflation... is transitory... or... a new secular inflation... how do we characterize monetary inflation that might have long-term secular impacts... or differentiate it from Supply shock inflation which we expect to be transitory”
Created: 8/12/2026, 6:18:11 PM
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