>It is amazing to me that we live in an era with tiny amounts of inflation despite large central bank interventions, and yet Austrians still presume to claim that their theory is vindicated.

I think it is amazing to me that economists have redefined the definition of inflation from an increase in the money supply to an increase in the consumer price index. Yes, we haven't seen significant rises in CPI yet, but you cannot deny there has been hyperinflation in other sectors of the economy like equities and real estate. As far as I can tell mainstream economists don't really believe in the Cantillon effect (that inflation happens in a gradual sector-by-sector fashion) so inflation in certain sectors of the economy is unthinkable as, according to them, money is neutral and inflation always happens everywhere at the same time and that for some reason CPI is the best measure for this. This is categorically and logically wrong and does not hold up to critical analysis.

>Prominent Austrians claimed we would have runaway inflation after QE, and it just didn't happen.

Just because it hasn't happened yet does not mean it won't happen. All fiat currencies have always throughout history, without exception, and always for the same reasons, ended with hyperinflation and the total destruction of the currency. I don't see how the US Dollar possesses properties that renders it immune to monetary laws.