Thanks for the quick reply and education on Econ 101. I am still very much puzzled why the inflation rate has been so low for so long (decades) in the U.S. (~3%? per year), China etc in apparent big conflict with what economic theories prescribe, and what trigger the supper inflation in other countries. If printing huge amount of money periodically (e.g., after 911, 2008-2009, currently) will not cause big inflation over the long run (years or decades as in the U.S.), we should welcome more such money pumping, Econ 101 needs to be revised and most people's understanding or faith in Bitcoin's superior advantage over fiat currency (or at least U.S. dollar) may be wrong.

Would appreciate any input from any angle