2008-2016 with low interest rates/money printing- why didn’t we get high inflation during that time period? ‘because low interest rates don’t necessarily mean inflation’ ok but can you go into it a bit further than that? What made it different than 2020?

Question

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In: Economics

Answer 1

Because we had an oversized generation in their final years of their careers. They were dumping a significant portion of the relatively large incomes into retirement savings, and thus taking money out of circulation.

Now they are retiring and asking for their savings to be returned to them so they can spend it on food and medicine.