you obviously have no clue what so ever what caused inflation in the 1970s and why it is impossible for it to happen again.
What nonsense you talk !
Try to combine.
1. A major war.
2. A full employment economy.
3. A massive increase of government programs (like Medicare and the War on Poverty)
And what do you get ?
INFLATION.
LBJ's economic advisers flatly warned him that if he did not raise taxes there would be inflation. He refused because he feared it would undermine support for the Vietnam War. The oil price shocks simply made a bad situation worse.