We have not yet seen the full inflationary effect of our currency creation because much of the currency is in foreign markets (hence the common observation that we have "exported" our inflation to other countries). This is why we have not seen the commensurate inflation here, based on the amount of debt/currency creation.
As foreign sovereigns de-dollarize (sell/redeem US debt and refuse to buy more) we will see dollars come flooding home...and the price inflation will be epic.
I wish I had thought of that.
