Did you notice the Federal Government has started sending checks to people? As they increasingly continue this, won’t that get the newly printed dollars in circulation?
I am not a Nobel Peace Prize winner but common sense says when more and more people are laid off and stop producing goods or services and then the Federal Gooberment sends them money to compete with the fewer and fewer goods and services, inflation is a certainty.
And, it seems to me we had an abundance of labor in the 70’s yet we also had some serious inflation. The Deflationists claim an abundance of labor prevents inflation.
