A few short points, all of which are personal opinions. > Inflation is a commonly misinterpreted phenomena. What is happening shouldn't be thought of as "price

A few short points, all of which are personal opinions. > Inflation is a commonly misinterpreted phenomena. What is happening shouldn't be thought of as "prices are going up" but should be seen through a lens of "the value of the currency goes down". This is why a nickel used to buy a candy bar, but a nickel can't buy you anything today. The currency (and your savings) is "inflated to worthlessness" (stolen, some might say) by politicians looking to buy votes. > Overall prices are unlikely to go down (that would require deflation, which mainstream Keynesians greatly dislike and work against), but the rate of price increase might go back to more normal/palatable levels sometime in the next couple of years as that is the current goal of fiscal policy to work to reduce inflation and why interest rates are high. As to how we get there, I have my doubts about really reducing inflation in an environment of money printing without experiencing a true economic depression. The most realistic best case scenario if current policy is followed might be a multi-year period of no big economic crash, but this current malaise persisting for an uncomfortably long time. Some people argue that a harsh, but swift correction, might be the best overall thing for the economy in the long run, but of course no political party would ever be willing to think along these lines. > Certain prices like oil/gas and food (because fertilizer and fuel are big parts of the cost of food) may go down in the future, but that would be more about supply/demand changing than the currency and inflation. Personally, I think increasing world tensions, as well as a lot of environmentalist hostility to oil/gas exploration/transportation/refinement has a lot to do with the spike in a lot of prices. And so long as unrealistic environmentalists and people with certain foreign policy beliefs that are not conducive to peace are running the show, there's nothing about this supply issue that might dramatically change in the short term, particularly with the Strategic Petroleum Reserve already tapped.