Skanda Amarnath from Employ America joins Matt to talk about inflation. They discuss how the Fed tracks markers of inflation, the difference between cyclical and asymmetric inflation, and talk about whether or not to give into Larry Summers's fears about an "overheated" economy in our recovery. Resources: "Inflation: The Good, The Bad, and The Transitory" by Skanda Amarnath and Alex Williams (Feb. 12, 2021) Guest: Skanda Amarnath (@IrvingSwisher), Director of Research & Analysis, Employ America Host: Matt Yglesias (@mattyglesias), Slowboring.com Credits: Erikk Geannikis, Editor and Producer As the Biden administration gears up, we'll help you understand this unprecedented burst of policymaking. Sign up for The Weeds newsletter each Friday: vox.com/weeds-newsletter. The Weeds is a Vox Media Podcast Network production. Want to support The Weeds? Please consider making a contribution to Vox: bit.ly/givepodcasts About Vox Vox is a news network that helps you cut through the noise and understand what's really driving the events in the headlines. Follow Us: Vox.com Facebook group: The Weeds Learn more about your ad choices. Visit podcastchoices.com/adchoices