Comment: A few things...

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A few things...

1) Price inflation is actually around 6% right now if measured the same way we did until the 80's (see shadowstats.com)
2) Most prices have not risen higher because banks are not lending this newly created money. The Fed is paying interest to banks on their loans to them so the banks are keeping their holdings at the fed and collecting interest as opposed to making loans at only a slightly higher return but much riskier. So once lending standards lessen, and banks decide to take a bit more risk, these new dollars will begin to flood the market and price inflation will dramatically increase.
3) The reason price inflation has not occurred in as big a way as you might expect (not just at this moment, but for the past 40 years or more) is because the US dollar is the reserve currency and is being held by foreign governments because of this, meaning the dollars are not in the market. As faith in the dollar drops and dollars begin to flood into the market, the dollar will become absolutely worthless.