“It’s certainly possible, Tim, and it’s certainly a risk to the economy since high inflation’s not something you’d want to see during the recession we’re headed for. But it’s too early to say for sure. More money in the economic system should push prices of assets, goods, and services higher, sure, but central banks (in Europe and Japan, for example) have been trying to increase inflation for the last decade without much success, so you could argue that’s unlikely to change now. One reason for stubbornly low inflation is the rise of ecommerce, which has pushed down the prices of some everyday products and in doing so offset price rises elsewhere. Some economists have questions about exactly how inflation’s measured too. All that is to say, Tim, that the answer’s both yes and no – and remains to be seen.”