So far we've had demand outstripping supply in many area without inflation happening. Apparently, that's because in a lot of areas, consumers and businesses ha

So far we've had demand outstripping supply in many area without inflation happening. Apparently, that's because in a lot of areas, consumers and businesses have demand but it's still price sensitive. And the chances are price increases aren't going to result in wage increases, so it's hard to see a cycle of inflation happening. The US has spent it's way out of all the crises of the last twenty years and so far hyperinflation has been avoided (but other distortions have appeared, surging commodity prices, surging rents, etc).