The CBRT's inability to reduce inflation despite high interest rates leads some to argue that it is not working. Some economists argue that inflation is caused by greed. Both are wrong.
The US version:
https://marcusnunes.substack.com/p/a-simpler-view-of-monetary-policy
The US version:
https://marcusnunes.substack.com/p/a-simpler-view-of-monetary-policy