The best explanation I've seen for why there has been low inflation, notwithstanding the fed printing money like there's no tomorrow.
Is Inflation Still a Thing? | National Review
How a change in the Fed’s framework took us from funny money to crony credit.
![](https://i1.wp.com/www.nationalreview.com/wp-content/uploads/2021/02/money-100-bill-data.jpg?fit=1200%2C700&ssl=1)
One of the side-effects of this has been to push interest rates so low that elderly retirees are forced out of safe investments into riskier investments in order to earn a return on capital. It's a disaster waiting to happen for anyone who doesn't have the runway in their life to recover from losses.