United States Politics: ∆τ_i*ε*φ*m_i<0 where ε=4 and φ=0.25

[benji]

https://mitsloan.mit.edu/ideas-made-to-matter/federal-spending-was-responsible-2022-spike-inflation-research-shows

That paper is not remotely arguing what you are. They are attempting to predict when inflation becomes visible, not what caused it. (Because it's always and everywhere a monetary phenomenon.)