“The real problem is “monetary” deflation, and the Fed’s actions are making it that much worse. “
Very high rates for savers ends monetary deflation. And there very little risk of it anyway.
While price inflation is a critical, existential threat.
We'll have to agree to disagree.
Every foreign nation is having enormous problems getting their hands on Eurodollars (what our money is know as when used by other countries).
Your position doesn't even begin to explain the enormous drop in price of commodities. That's a monetary deflation phenomenon.
Inflation can only be truly driving from the monetary side. Looking at it from pricing only does not support any reliable economic model.
Sorry for the spelling and grammar. FR has always needed an editing feature.