From the article (emphasis mine):
"Usually when you find the model this far off, you've probably got something wrong with the model, not that the world has changed," he said. "Inflation does not appear to be monetary base driven," he said."
Well well now. Welcome back to Earth, Art.
Hopefully more Republican thinkers will follow him and drop the "runaway inflation" scare tactics, and maybe foster a new direction for that Party that's based on evidence and reason. Maybe. Here's to hoping.