m2 and inflation
We've managed to maintain low inflation because it's probably going overseas. I'm not an expert on economics but m2 looks similar. The velocity of money doesn't increase because it goes overseas. We don't take our wage and buy local. We spend it on Amazon. Tech money tends to go overseas. All this qe goes overseas. But if globalism slows, like if China disengaged, the we could come back. Or maybe it doesn't and we have this debt.