Here is another good discussion on inflation by two commentators that are also of the Lyn Alden calibre (Australian this time): Damien Klassen being interviewed by Martin North. Damien is of the view that inflation is unlikely longer term (he contrasts the current situation with the 1970s), although he mentions that sustained fiscal policy is one factor that could cause it.
There are quite a few good discussions on the topic appearing now that inflation is becoming a concern to people.
