Base inflation is never zero. In the article he mentions the 1.8% average inflation rate, plus 2% attributed to gov't stimulus, and 3% towards corporate profits. That adds up to a 6.8% inflation rate.
It's hard to blame this purely on ZIRP or QE because we've had both for the last ten years, all without any meaningful spike in inflation.
It's hard to blame this purely on ZIRP or QE because we've had both for the last ten years, all without any meaningful spike in inflation.