The reciprocal argument could also be that inflation was artificially low for 50 years while people were exploited and goods were too cheap. The blow-up of stocks is all the back wages not getting paid, either to people or put back into natural resources like soil and clean water. This inflation blip is a drop in the bucket of what we have stolen from the future through debt spending. "Modern Monetary Theory" is just another way to say, "kick the can down the road", but we are quickly running out of road.