[PAR35]

One of the great mysteries of the post-financial crisis world is why the U.S. has lacked inflation despite all the money being pumped into the economy.

The writer has missed the key point. There IS inflation. The government is cooking the books to hide it. See the scam of 'chained CPI' for the most blatant example; they are usually more subtle in the 'book cooking'.

[logi_cal869]

Though American consumers might dispute the notion that inflation has been low...

The writer doesn't miss the key point, they completely dismiss it.

Cooking the books is exactly right. Another BS crisis for a select agenda (for one, they bemoan low energy prices and the failure of the green energy sector and non-passage of carbon legislation despite all but killing coal).