The reason it isn’t here yet is because we are in a massive deflation cycle. The whole globe is in the first stages of a deflationary depression.
Hard to tell. I think part of that might be due to collapsing energy costs. But the warning signs of inflation have been here for years, with only some actual signs of it - food mostly. Maybe cars. Been wondering when we will see actual, real inflation.
Or it could be that the whole world is so messed up that there is no real offshoot for the inflation to follow - everybody is so bad that nobody looks worse.
Anyway, the answer to paying off debt is with inflated dollars. If we are soon to see deflated dollars, than we are even worse off.