>I think the fake 'inflation' we are seeing (which is really supply-side shock) will vanish, and reveal that we are in a huge deflationary environment. The inf

>I think the fake 'inflation' we are seeing (which is really supply-side shock) will vanish, and reveal that we are in a huge deflationary environment. The inflation is not fake. It is being caused the but incredible amount of dollars that have been created in the last 2 years. There were $12 trillion added to the money supply in May 2020 alone, https://fred.stlouisfed.org/series/M1SL https://fred.stlouisfed.org/series/M1SL. Before May 2020 There were only $4.7 trillion in circulation in April 2020. This the text book case of inflation.