[lilbaine]

Good argument and well stated! Also inflation hasn’t kicked in since real wages are also stagnant compared to their real values (not nominal values) since probably the early 1990’s. I have been waiting for commodity inflation since 2011 and this period has been more deflationary from my observations. Take the price of oil as an example. Since 2008 to now. The prices of gold and platinum have been relatively low until the pandemic. Also look at prices of wheat and other commodities. They deflated in 2007-2014 and struggled to pick up.

Commodity pricing is also affected by varying political, social and technological environments. And from my own personal observance of the economy we are in a more biflationary period. This would be evident by the stagnant pricing of oil and the high prices of certain real estate, property and stocks.

This is also evident with the knocking off of Exxon from the Dow Jones stock exchange.