I didnt read he said that. Where did he say its a good thing?
Is he right? Proably to some extend. If we look outside the inflated stock market which tells its own story the inflation took off during the pandemic. Why? I guess part of the explanation is that politicians and central bankers during the pandemic overflooded us all with free money in order to avoid the massive disaster from lock downs and what not. However, by overflooding us with free money the buying power was intact (or even increased) but no one was at work to manufacture our demand for cheap asian crap and raw materials. So yes, probably there is a supply chock in the supply chain.
Question is, will it ever normalize unless the supply chain is spread out wider?