https://www.youtube.com/watch?v=0YdkHZAF2Zg
The thinking behind Japan's abenomics was that 2% inflation meant you had a reasonably strong economy. Less would suggest a weakening economy + more an inflationary economy. Abenomics is credited with a stronger Japanese GDP + resulted in the stabilization of the Japanese Gov't debt. The inflation we NOW have has NOTHING TO DO WITH inflationary ECONOMIC GROWTH. It has to do with "limited" supply that forces prices up. The "added" inflationary force is the weakening of certain currencies whose international value is declining like the U.S. $, the British sterling pound, the EURO + the Indian Rupee reducing the consumer power in those respective countries as their respective currencies purchasing power diminishes. (As A SIDE NOTE: the 1973 OIL CRISIS resulted in HIGH INFLATION when the Organization of Arab Petroleum Exporting Countries mounted an OIL EMBARGO in response to the Yom Kippur War.) The economic contraction that we entering due to lower economic activity due to governments having to pay MASSIVELY HUGE DEBTS will erase inflation resulting from economic growth. Weakening currencies will be THE MAIN INFLATIONARY FORCE in those countries with weakening currencies (due to weakening economies). THERE, THE PRICES (of goods + services) will CONTINUE TO GO UP as the value of the currencies go down. Unfortunately, this "deters" badly needed foreign investment. THE SOLUTION will be ECONOMIC GROWTH. MINDLESS U.S. SANCTIONS only serve to put the brakes on economic growth that the whole world badly needs to get out of this ECONOMIC FUNK. THE AMERICANS should no better, no? (Ha! Ha!) Ken, Toronto, CANADA RESPONSE to remark by The Third Door IF YOU HAVE the accompanying ECONOMIC GROWTH, it's NOT SO BAD (part of the pains of a fast growing economy); IF NOT, then you're IN TROUBLE: "we're in trouble." :D THE "ECONOMIC TREND LINE" IS DOWN - possibly for decades to come until we deal with THE MASSIVE AMOUNTS OF DEBT. THE ONLY WAY OUT OF THIS ECONOMIC FUNK is GROWTH CREATION via consumer spending + foreign investments. [THOSE COUNTRIES with money to invest: China (which is ACTING AS A WORLD DEVELOPMENT BANK) + MONEY-RICH MUSLIM COUNTRIES.] Those without foreign investment (THINK, HERE: NATO countries.) will GET DINGED for their BAD BEHAVIOR.] (Ha! Ha!) THOSE COUNTRIES that will do SUPER WELL: China, of course, + the Commonwealth of Independent States lead by Russia that will become THE MOST IMPORTANT ECONOMIC BLOC. :D Ken, Toronto, CANADA https://en.wikipedia.org/wiki/Commonwealth_of_Independent_States (They're "all" Russian-speaking: it's time to learn Russian, no? OH, YES! DON'T FORGET TO INVEST IN THE Russian RUBLE.)