I’m not really that concerned about inflation from people moving money from their savings to expenditures in the future. For one, deflation is way worse than in

I’m not really that concerned about inflation from people moving money from their savings to expenditures in the future. For one, deflation is way worse than inflation. For two, inflation isn’t as bad as widely assumed. If anything we’re seeing in real time how awful completely stable ie 0 rates can be on society as it’s pushed people into investments purely because There Is No Alternative (TINA). The oddball hoarding is pretty scary-though seems to have been confined to the short term across all the things people hoarded. Back to savings, people increasing their savings is a rational choice right now. For all they know they may need that to survive in the future. Those savings will probably sit on the sidelines until we reach herd immunity. Being that could be a year away and lots of time without meaningful work the savings are likely to be spent at non-inflationary rates. It’s much more likely people need further stimulus to avoid huge booms in homeless populations through rent and mortgage shortcomings.