This is why I think we don't have inflation. Very low loans, and for managers personal careers it is actually beneficial to do this. The more of this is done, t

This is why I think we don't have inflation. Very low loans, and for managers personal careers it is actually beneficial to do this. The more of this is done, the more others are forced to do the same. This then results in lower interest rates, which ironically make it cheaper to do this, and results in more below-cost and more capacity, making the problems worse. But in reality many companies are producing/exporting under cost, because it results in cashflow. To "conquer market-share". It also means that at some point interest rates will rise ever-so-slightly and boom the whole thing will stop in a matter of a few months and we'll see 10% inflation in quite a few products and an absolute disaster in the stock and bond markets. But in reality inflation is already here. The money has been printed. Governments have given it to their favorite banks, and financed their own careers ahem I meant government programs with it. Banks have given this in loans to everyone (because governments demanded they do this), and those managers have "invested" it in growth. In reality of course, the vast majority of those managers and governments have no idea how to grow the economy (in fact, according to secular stagnation theory it hasn't really grown, for individuals, since ~1980-1990 depending on where you are in the world). So it's just been invested in unnecessary capacity expansion, making products they have no hope in hell of selling at the normal price, or just outright into financial constructions. These things will have to be paid, and they will have to be paid by the customers. So the cause for price increases has occurred in the past, but people have used loans to stave off the consequences of their decisions on a large scale. So inflation is already here, and done, it's just suddenly it will need to explode.