I'll say this on inflation: housing, tuition, health care, and several other things are insanely expensive relative to wages and the rest of the economy. You ca

I'll say this on inflation: housing, tuition, health care, and several other things are insanely expensive relative to wages and the rest of the economy. You can't have a market with no buyers. Two possible outcomes: (1) these deflate until they are reasonable, and (2) the rest of the economy inflates until these are reasonable. Given the amount of money sloshing around and the stickiness of esp. real estate prices, (2) may be more likely. My kids may know a country where everyone makes six figures and a starter house is... well... still $750k. Of course central banks and governments are not as dumb as people think. This is likely the intended outcome.