[nopinsight]

A key reason why this time might be different: A call for helicopter money even among some fiscal conservatives.

Before this, such as in the 2008 crisis, much of the liquidity injection didn’t flow down the bottom part of economic hierarchy. Thus, they haven’t had much increased spending power. So, no inflation of common items. The prices of trophy and other assets preferred by the wealthy did rise up greatly in the past decade.

If the helicopter money plan actually happens in substantial quantity, then inflation of everyday items might occur this time.

[danaris]

...Can you clarify "helicopter money"? That's not a term I've heard before.

[harambae]

It's a term coined by Milton Friedman many years ago

https://en.wikipedia.org/wiki/Helicopter_money

[throwaway3563]

I think it’s a term for any kind of unconditional stimulus; everyone getting automatically it as if it was cash dropped from helicopters.