Make me understand... Inflation is here to stay - why?

[Trexmaster]

6. No heterodox solutions?

In December 2024, I've read an article about New Zealand having problems with inflation. Why is that an interest?

New Zealand invented ( link 1, link 2 ) the whole 2%-3% annual inflation target mechanism, which was copied by everyone. All things went well, until the economic crisis of '08-'09. From then on, we know.
The same country that invented the 2%-3% annual inflation target, was back at square one for before it invented that mechanism in the late 1988 or 1989, early 1990s.

That mechanism is "inflation on [very] low heat" – which has proven by now that compounding inflation (inertial inflation?) doesn't erode. It's permanent. We're being told that we're stuck with it ("here to stay&quot , and I'm searching hopelessly why is that considered optimal.

Now they're touting the "Great Currency Reset" talks but that's just another groundhog day that, as we know, has an expiration date of 20 years (minimum), before we'll start again.

So what's left? Imminent collapse? Inflation on low heat since the 1989-1990 eventually transformed today in the "prices now are here to stay, and they'll only grow from now on..."–
Hello, what!?! We're just waiting until mass evictions, bankruptcies, and police to crack skulls?!

As to why we currently have inflation, there are a few lingering effects from the Covid shocks, but a lot of it at this point has to do with things like continued consolidation in various industries, allowing trust/monopolistic effects due to decreased competition and a lack of real choices for consumers.
That said, Biden/Powell had nearly ended inflation, but then donnie came along with his tariff nonsense, directly making prices go up, and screwed it back up again.

How?
We've been told we are never, never, ever returning back to pre-Covid pre-2008 Economic Crisis purchasing power parity. Because... inflation is here to stay