Why do honorable frogs in the stinky Lithuanian pond unnecessarily scare us with high inflation?

 "It is a tired refrain that seems to be sung mostly by those whose views were forged during the stagflationary 1970s. But we live in an era of anemic inflation, and changes in the economic landscape since the ’70s have significantly reduced the chances of a revival, including the watchfulness of the Federal Reserve, workers’ loss of bargaining power and the effects of globalization.

Indeed, in recent decades, the Fed and other central banks have devoted considerable effort to generating inflation."