One big reason for the inflation is that supply is disrupted. Because of 2 men, basically. Putin for starting a stupid war, and Xi for sticking to a stupid COVID strategy. I think the worse one (for the economy) is China, because it causes inflation on everything we get from China, which is basically everything.

We have to hope that at some point Xi will ditch the "saving face" obsession and change course.

Or maybe we don't, and the world order changes quicker than expected.