[taolegal]

> Month to month inflation has been flat or near flat for some months now

Inflation compounds and we've been at relatively high inflation for a while now. Of course the Biden admin will want to just normalize this sustained inflation.

People are effectively getting around a month of salary stolen from them. Transaction cost of a new job hurts most people & depresses wage growth (the obvious side-effect of monetary expansionism).

It's fair to say that we won't experience deflation since no central bank will allow that. And our high debt load prevents raising interest rates anywhere near the necessary amount, if you compare it to Volcker. The only responses they seem to have, in practice, are: print tons of money or print slightly less than that.

We're trapped in a debt spiral and my guess is that the world suffers enormously from central planning (artificially low interest rates in the modern era in order to finance government disasters) and the US suffers less than everyone else because of their global hegemony (reserve status), economy & geography.