Base inflation is never zero. In the article he mentions the 1.8% average inflation rate, plus 2% attributed to gov't stimulus, and 3% towards corporate profits

Base inflation is never zero. In the article he mentions the 1.8% average inflation rate, plus 2% attributed to gov't stimulus, and 3% towards corporate profits. That adds up to a 6.8% inflation rate. It's hard to blame this purely on ZIRP or QE because we've had both for the last ten years, all without any meaningful spike in inflation.