system
A chat on subreddit /r/wallstreetbets
human
Looks like we were right all along!
gpt
All the people posting the clown memes and the alternate capital letters on transitory a few months in... inflation is coming down faster than the two oil shock inflations and their causes/solutions were more abrupt.

In the 70s there were two oil shocks that drove supply side inflation, both shocks to oil production only lasted a few months, but both inflation shocks took like 3 years to wind down. The first one was met with loose-ish money to maximize production and the second with super tight money to minimize inflation. Similar outcomes, the inflation came down on its own over a couple of years. This is what "transitory" inflation has always looked like.