I agree with this. Most of the data from large economies like Europe and Japan have shown almost no inflation even with interest rates at near zero for extended periods of time. There are even places with negative interest rates.

The United States is later to this game of persistently low interest rates and I suspect that this is going to lead to some inflation in consumer prices, but not nearly as much as people think. Manufacturing is on the rise right now and as long as production and worker productivity are creating goods and services in the economy at a rate that is equal to the production of the money supply then we shouldn't see much inflation in consumer prices.

All of the stimulus and QE so far has targeted big businesses and that is why you do see inflation in asset prices like stocks, bonds, gold, homes, and even cryptos. The large bitcoin crash a couple of weeks ago was precipitated by a strengthening dollar.

Early signals for inflation will be rising commodity prices--especially oil, increases in the Producer Price Index (PPI), rapid rises in consumer spending / consumer confidence, and low business inventories.

A lot of people seem hawkish on the inflation of dollars, fed QE, and monetary stimulus while simultaneously cheering on Crypto Airdrops, ICOs, and crypto mining. The crypto world prints like crazy and people seem dovish on this. I mean what makes an "Airdrop" any different from "helicopter money"?