Also, they are printing credit(mostly). Which is not unlike lots of people taking out loans or using their credit cards. We’ve been inflating for many decades under most definitions(price and money/credit supply).
Personally, I don’t like the definition”broad based price increase”. I’d say broad based prices moves are a lagging indicator of the supply of money and CREDIT. Because credit contractions, like we had at the end of 2008 – spring 09, which could happen again – cause prices to COLLAPSE.
