The connection between inflation and the supply of credit is a very important one. It is critical to our leverage-based economy, and a major driver of risk taking and ultimately expansion. The question is whether the instability this causes leads us to a more vulnerability and long term pain. Could a black-swan deleveraging erase the gains of generations? Many (such as Taleb but also the Bitcoin community) speculate the answer is yes I also believe this current situation works because of our tremendous privilege as a global reserve currency. A privilege that is now being called into question.