Inflation is usually caused by demand outpacing supply. Employers hire to meet increasing demand which leads them to fight over workers via salary. This incre

Inflation is usually caused by demand outpacing supply. Employers hire to meet increasing demand which leads them to fight over workers via salary. This increase in salary drives up the prices of goods. The article is about secular stagnation which is the opposite of demand outpacing supply. So policies increase demand in other times and places would lead to inflation. But right now that increase of demand would just balance out the secular stagnation.