> You also seem to lack a rational, data-backed argument
Russell's Teapot. (https://en.wikipedia.org/wiki/Russell%27s_teapot)
Its the ZIRP doomers who have to prove a problem. Not for me to prove a lack of a problem.
Based on what I've read over the years, things like Fed Meeting notes do a much better job at predicting the economy / future than reading up on ZeroHedge conspiracy theorist sites and worrying about ZIRP in 2012.
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As far as my "data" goes, I just point back to QE1, QE2, and QE3. The Zero-Hedge Doomers were all saying that inflation would get out of hand. Then... it didn't. QED. This doomerism is _NOT NEW_. I've been hearing it for years. Its the boy-who-cried-wolf situation.
They're still around pretending that all these decisions 10+ years ago caused things today. When the Occam's Razor argument is COVID19 changed things. So its up to the Zero-Hedge doomers to explain why their predictions over the past decade took over a decade to come into being. And if they knew it'd take a decade (or longer) for it to happen, why did it coincide with COVID19 so much (as opposed to any other situation).
As far as my opinion goes, I'm making it clear. The boy cried wolf for 10 years, and is pretending his first call for crying wolf in 2008 was relevant to the 2023 bout of inflation. As opposed to... I dunno... the Baby Boomers retiring a few years early because they're tired of dealing with COVID19 (and/or COVID19 restrictions), causing a huge slump in the number of workers in the US Economy. The likes of which we're only beginning to recover from in the past month or so.
With fewer workers, we're having fewer products made. Compounded with the War in Ukraine (a location that supplies a huge amount of grain to the world) and Avian Bird Flu, we're in a time period where we're losing resources (and productivity) due to a lack of workers. Lower supply causes higher prices. Also coinciding with the emergency slaughter of pigs/birds in 2021 as a COVID19 prevention measure (as well as due to severe economic contractions), our animal stocks are lower than otherwise. Leading to higher food prices.
You know. Data that we have that explains these situations with a bit more clarity than 10+ year old predictions of ZIRP or QE3 from the year 2012.
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Or maybe this "Greedflation" idea, being discussed in the article. Maybe its got legs to stand on too. I dunno, its interesting to think about at least. But its tiring to have every economic argument derailed by the ZeroHedge conspiracy theorists posting their favorite anti-QE hate all the time.
There's a much richer set of economic arguments that exists out there than ZIRP doomerism all the time, every day, ever year.