I did. It's mostly true - the risk is almost certainly towards deflation. Central bankers have learned how to reduce inflation (in absence of seignorage, of course) by raising interest rates, painful as it is. However, it seems that deflation is far more difficult to deal with, as the European and Japanese examples show (as well as the experiences of the Fed, to a lesser extent).
there is no deflation in Europe. you have subscribed to MMT (modern monetary theory) hook, line and sinker. It is a dubious theory by economists trying to make a name for themselves.
Of course it will, question is how much time. Time will also prove me dead.
