Nope. Not gonna happen.
Its patently obvious you have no idea what caused inflation in the early 80's.
The world today is far different, as is the US.
US debt was a paltry $900 billion. Today its over $21 trillion, and running at or above 100% of GDP.
Global debt is in excess of $252 trillion.
This is all HIGHLY deflationary, which is why neither Japan for the past 3 decades, since their market peaked in 1989, nor any major developed country in the past 10 years, has been able to print their way to any sort of 'inflation', despite oodles and oodles of ungodly QE. The more QE, the more printing, the lower the rates, the more debt that keeps be added, and the more deflationary that is for everything. The world is over 'capacity' in every possible good and service, because of all the easy money, and that too is highly deflationary. The Fed has tried and failed to create inflation, and found it can't, and deflationary forces are over-whelming again, so its going to not only cut rates, its going to go to NIRP. NIRP has failed miserably in Japan, to create even an ounce of inflation, and thats why now you also have the Donald talking about devaluing the dollar (total LOL) (despite the fact the US doesn't have the ammo to devalue it but only marginally being the massive importer it is, and also being the world's primary reserve currency, with no one else even a close second.
You can't have inflation with this much debt in existence. the 1980's had nothing even remotely close, to the amount of debt that exists today, even on a percentage of GDP.
