China has been supplying the world with cheap labor, thereby exporting disinflation… however demographics in China are rapidly changing… to the extent that deaths exceeded births in the last year

by silvertomars

The aging of China’s population will increase inflation globally (all other things being equal) as a shrinking supply of labor is bid up by an elderly population with considerable paper wealth.

Global aging and population shrinkage (as a rate of change) will make this a global trend.

Of course, we could always add to the debt and pay people to have children, which effectively admits that population growth is a sort of Ponzi scheme where more young people are needed to care for the older population (new money paying off old money, so to speak).