What in tiny experiments like the article's? Inflation and even hyperinflation have occurred many times in many places in the last century. In Venezuela the inf

What in tiny experiments like the article's? Inflation and even hyperinflation have occurred many times in many places in the last century. In Venezuela the inflation rate is something like 2000 percent. It's not just theory. Even the US had double digit inflation when I was in school. We were taught things about the time value of money (using numbers like 8 percent interest rates) that seem nuts now. As for interpreting trends unwisely, isn't that what you're doing by noting a lack of inflation and arguing therefore that fundamentals don't matter. Common sense says if you give out more cash, people can bid up prices higher. There are undoubtedly variables not accounted for in all economic models. As the statisticians say, "all models are wrong". But those unknown variables can turn on you too. Every bubble consists of people ignoring fundamentals because they don't fit the recent curve, then getting burned when it crashes.