Another viewpoint on the "inflation" problem:

[orwell]

7. Inflation has been a problem...

...for years now. That is where we differ.

This recent inflation rate uptick is due to many of the reasons you cite.

The cause of the long term structural inflation is due to the Fed's and many other central banks desire to "build in" a 3% or so structural inflation rate. It also stems from the mistaken idea of core money creation through central bank and commercial bank credit built on a wildly leveraged fractional banking system.

In reality, prices on balance should be falling as we are more productive every year in every facet of manufacturing, resource harvesting, farming, logistics and technology. The only reason prices have risen for the better part of a century is the unending growth above necessity of the monetary aggregates.

It would be a far more honest system if we moved to an MMT system instead of this illusion of debt. At least we could get rid of the fables tied to the "gold system."

The Reserve banks have caused gross price distortions that do not reflect the underlying reality. If you hold the cost of money as negative the entire market is distorted.

If money costs reflected true supply and demand prices would be deflating and asset bubbles would be much more rare.

In other words, very few truly believe in the free market orthodoxy they espouse.

That includes most so called libertarians...