Inflation or Another 2008 2011

Here is another chart that simplifies the inflation-deflation/disinflation debate. This is the price of corn. It exploded higher in 2008 and 2011. Both times were the result of inflationary policies in the past. Same today! If corn goes up, then we've entered a new inflationary period. If corn (and other ags with similar charts) fails again, nope.

The best chart for the inflationists is still lumber. If corn moved like lumber in a sustained hot inflation, it should double or triple from here.

The best chart for deflation/disinflation is still TOTLL. Here I've indexed it to February 12, 2020.