There is a much stronger explanation for inflation, which says not only is it not going away soon, but will spiral out of control, until something very radical is done with money.
The world is now about ten percent solar powered.
Money issued only as promises to pay, works fine with extracted energy sources, since every promise to pay is a promise to extract.
But solar energy is donated, not extracted. There is no labor of extraction associated with solar energy. It is pushed to us for free.
The net result is that no money is being issued for the solar energy being put to use.
So solar energy is somewhat being ignored, by money issuers. Money is issued for extracted energy, but not for solar energy.
Yet solar power is probably the most valuable thing we can imagine.
The markets already know this, and solar is making the expected progress towards the most favored energy, the one that delivers most rewards to investors.
But money isn't being issued on it.
The only way money can be issued on something donated, is to create the money and donate it to all people.
Until that is done, inflation has to contiunue to spiral, as the solar power continues to scale up, necessarily.
When will bankers be ready to start issuing free stimulus, forever?
This completely upturns the old control by scacity enforcement model, control is in process of being ripped out of their hands, by mother nature, it seems to me.
We can only guess when the bankers will give in, they might as well turn on the free money taps and walk away, they will have to do it, or see all value in money disappear.
Interesting times!