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RE: Altcoin inflation has been a major drag on prices!
Unfortunately, the actual STEEM inflation rate is about 20%-ish if you take the inflation caused by SBD (Steem Dollars) conversions into account. Therefore it would be better to stop the SBD peg and to halt the printing of SBD entirely, since SBD adds little to no value to Steem, but adds unnecessary complexity and inflation.
SBD hasn't been pegged to $1 ever since the debt limit of 10% was breached, which was months ago. Your graph is likely significantly off. The inflation will be higher than expected during those times when sbd can return more steem than it "should" and lower when it doesn't. Which should help cancel out each other over the long run.
Yes, that's true in a bull market SBD printing helps lower the inflation of STEEM, but unfortunately we have more and longer bear markets than bull markets 😂