But it did, for certain assets at least. I think part of the reason for the last decade of unorthodox inflation is that demand is not as flexible as theory woul

But it did, for certain assets at least. I think part of the reason for the last decade of unorthodox inflation is that demand is not as flexible as theory would require it to be (people stop buying ever more consumer goods when they get x% more money). Some areas (housing, particular services) seem to have seen quite a rapid inflation, though.