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I don't claim inflation has been happening yet - people have been crying wolf for a long time. But something has changed. The fed is determined not to raise in

I don't claim inflation has been happening yet - people have been crying wolf for a long time. But something has changed. The fed is determined not to raise interest rates until there is serious inflation, and a lot of politically minded people are looking at trillions in stimulus and seriously saying the idea that we have to pay for spending with tax revenue was always a lie that we should now be free of. It's easy to view inertia as evidence nothing is changing.

astrange 6y ago
One thing making it okay is that it's not really stimulus, it's disaster relief. A lot of it is going to repay debt, which instantly destroys it, and more is going to savings. If it was spent it would cause inflation, but that's fine because we've been under our target forever, not that there was ever a real reason 2% was a target.