I don’t think inflation equals crap economy but that’s just me a dumb sales guy.
good v. bad economy isn't really a defined thing but imo the most important parts of it are:
1) employment. we are currently at full employment, incredibly good no matter who is looking at it.
2) economic growth. has been booming but just slowed to a small negative. lot of noise in both the boom and bust recently from all the supply chain, china lockdowns (tomato/tomato), covid comeback story, etc. you could find reasons to say it's good or bad now but I think it's pretty good.
3) strong dollar. it's booming like crazy right now. but that comes with some negatives as well as positives.
4) inflation. generally seen as needed at small levels but it's gotten way out of hand. people are hitting the panic button about it now which I think is oversold. that said, the inflation figures we have seen recently are definitely too hot. Fed will hammer it with the 50 basis point hammer a few more times and then you'll see #1 and #2 come down for sure.
I'm no economist (though I enjoy talking about it) and there are others on here who can talk more knowledgeably about it than I can but I feel like the economy is just fine right now. It was red hot for awhile, probably too hot. lot of weird crap has happened (is happening) in the last 5 or so years.