INFLATION DOES NOT HAPPEN IN A BUBBLE. Please, please stop comparing the current landscape for pricing to the 1970s. What changed? One word: CHINA. China has forced every economy to export DEFLATION. This means there is a PERPETUAL DOLLAR SHORTAGE, NOT EXCESS. If you want...
...inflation, you need GROWTH in economies outside of China that can compete against it, a value proposition to employ, produce, and export in competition to China. This would mean a complete overhaul of the political, economic status quo in Europe and US. Guess what? IT WON'T..
...HAPPPEN. Why? Because the stakeholders in the status quo do very well just the way things are. Trump was a complete fool, but HE WAS 100% right about China. He would say, "I don't blame China. I blame us. We let them do it to us." Who is we? Think about that...
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