What inflation is “transitory?”
In a printed, fiat, central-planning world, all inflation is permanent.
Bingo!
It may slow here and there in the short term, but the long term charts show inflation as a permanent upward trend ever since we switched to fiat money. Fans of the system probably figure that is a feature, not a bug.
We are going to transition from the World’s Superpower to zimbabwezuela.