Must read blog (and series of blogs!) by @JohnHCochrane on what we really know on the impact of interest rates on inflation.
Summary: very little.
A tiny thread on identification explaining the last blog with an analogy, specially for non-economists.
https://johnhcochrane.blogspot.com/2023/08/interest-rates-and-inflation-part-2.html

🐦🔗: https://n.respublicae.eu/lugaricano/status/1690311706486906880