The 70s stagflation and there is no money for
Anything. If the try and just spend it away
Hyperinflation could be the result

Some things are naturally deflationary, technology is the prime example. Things get cheaper with automation and volume. But we haven’t had all this mess hit at once with supply chain interruptions etc. just take paint there is a huge shortage and some new houses are just sitting because they can’t get paint to finish them