I didn’t mean Weimar Germany style hyperinflation – more like Nixon-Ford-Carter style (1973-1982) that ended in revalueing $ to a new lower value (relative to asset classes). That helped real estate recovery (and because of that, general perception of prosperity) in the 1980s.
Also, all expensive wars are eventually paid by devaluation of currency and increased inflation. Inflation is the natural involuntary universal tax.
We, as a nation, wasted a lot of wealth building unneeded homes (and waging a profitless war). We, as a nation, are going to pay the price with a lower standard of living. That is what inflation does.
Money supply vs. price is technicality. Reality is simpler – we wasted money and have to live poor.
