> What you really need to understand about inflation, is that we've had particularly exceptionally low long-term inflation in America for the last 50 years, outside of stagflation in the '70s.

What you really need to understand is that we can, and we must absolutely, generally and non-exceptionally have low inflation at all times. There's absolutely no sane reason to have high inflation in a low-corruption financial system - none!

> Globalization... US Navy... US military... China hybrid... American lack of enthusiasm for guaranteeing shipping trade on the oceans.

A bunch of red herrings meaning nothing... It's not lack of enthusiasm, it's the overabundance of enthusiasm for tariffs and sanctions backed by the same US Navy & US Military to maintain a restricted trade regime which, not-accidentally, results in the US public being trapped in a monopolized and inflationary market.

> And that involves a huge amount of switching costs, which essentially is going to be inflation.

You mean, the population will bear the costs via the inflation tax, while the rich will be getting richer, because... historical norms should not be broken, especially this one?

Historically, messed up trade led to global wars, actually, it's either global trade or global wars, there's no middle ground. You failed to mention that important historical norm which is also one of the ways to make the rich richer.

The historical norms are something we should absolutely steer clear of, not use them as excuses for more nonsense in the future!

Do you think I'm advocating for inflation as an institution?

History is history. Maybe you think AI is going to herald in some era of non-inflation and free people from the control of the ultra rich.

It's pretty apparent to me that AI isn't going to do that. It's going to do very very very very very much the opposite.

I agree that disruption of trade leads to wars. Usually of very large scale but we haven't had one of those since the advent of nuclear weapons.

And people keep misinterpreting my comment that I believe Donald Trump has good policy. I absolutely don't. That's why I said the tariffs are insane. Theoretically what Donald Trump wants to do is bring manufacturing back to his white voters in the former middle class, and bring the US into an isolationist stance.

Biden did not put troops on the ground in Ukraine. I believe bush II would have enthusiastically. Biden did not roll back the tarriffs Trump imposed in his first term either.

So generally the overall political trend in the United States is to be like this.

Ask the rest of your comment. You could ignore history if you want and hope for something different. But.... Well you should know the quote about history, and I don't want to have to repeat it:-)