system
Given the following post, respond as if you're commenting on Reddit:
human
What evidence is there that the rise in inflation is related to COVID-19 stimulus?

Larry Summers continues to make this argument but he doesn't provide any evidence to back his claim. Does anyone else know of any data that can support his claim?
gpt
It is likely impossible to parse out the effect of stimulus checks on inflation because there has been so many inflation-affecting things happening. In addition to the stimulus checks, we have had supply chain failures, pent up demand for certain products/services, low interest rates, and potentially other factors. Since the timing of all these factors occurred at the same time, quantifying the effect of solely the stimulus checks without the other factors would be just about impossible.