Don’t know.
There was no inflation after Obama sunk a Trillion into the regular economy in 2009.
The GDP was down 3.5% in 2020. So that’s money out of the economy.
GDP per household was down about $1500 last year.
Note that new stimulus gives most households $1400 in just passed package. Not coincidence.
Note that per capita GDP has grown from about $43,000 in 2010 to $68,000 in 2020 with very little inflation.
Note that the enormous debt has not caused inflationary pressure.
There has been very low inflation numbers in Europe for the past 2 decades. Nothing there to spill over.
China’s consumption of consumer goods has slowed easing inflation pressure in that sector.
Rising fuel prices can cause inflationary pressure, but did not when oil peaked in 2008-10.
I’ve heard gloom and doom on inflation for 3 decades, but. nothing has triggered it world wide or domestically. Not even the second Gulf War.
