[jongjong]

Inflation means that currency is losing value. That's what happens when people receive money that they don't deserve (I.e. they didn't actually provide an equivalent amount of value back to society); it ends up devaluing the currency. IMO, what we're seeing is the tip of the iceberg. It just took some time for reality to catch up. If I'm right, inflation will only get worse because the mis-allocation of resources only seems to have become worse. I'm not seeing any improvement - I'm seeing people doubling down on bad decisions; people with money appear to be increasingly erratic. I'm not seeing anyone adjusting their strategy.