Inflation (n.) in Jung's warning is the Westerner swamped and possessed by an unconscious he has repressed too hard, once Eastern techniques relax the ego's vigilance.
Inflation (n.) is what happens when the ego, fascinated by the hero or mana-personality, identifies with it — which is why some churchmen distrust the “inner Christ.”
Inflation (n.) is filling a space one normally cannot fill, by appropriating qualities that belong to someone else, to everyone, or to no one.
Inflation (n.) is the ego identifying itself with the self to keep up the illusion of mastery — producing a nebulous superman with a puffed-up ego and a deflated self.
Inflation (n.) is the great peril of individuation: the ego identifying with the self — Nietzsche with Zarathustra, Faust with Mephistopheles — the first step towards madness.
Inflation (n.) magnifies the ego's blind spot: the more you are assimilated by the projection-making factor, the less you notice how others react to you.
Inflation (n.) needs no more than a flight of steps or a smooth floor to bring about its fatal fall.
Inflation (n.) is the ego fancying itself exalted when in fact it is thrust into the background by something greater — the self; the ego almost needs the inflation to keep its footing, yet that is what lifts it off its foundations.
Inflation (n.) is confusing the ego with the self: the illuminated Gnostic identified with his own light and so felt superior to the darkness in him.
Inflation (n.) follows a wrong attribution: figures of superior insight belong to an unconscious component, and claiming them for the ego brings inward and outward disasters the layman cannot imagine.
Inflation (n.) is what happens when the uprooted gods come home to roost in man and he cries out: I am philosopher, demon, hero, god and everything.
Inflation (n.) comes from identifying with what should be integrated: positive, it borders on megalomania; negative, it feels like annihilation of the ego — in alchemy, a king who drinks so much water he melts away.
Inflation (n.) is the moral disadvantage of every gift: a feeling of superiority that needs compensating by humility — to rush ahead is to invite blows, and if not from the teacher, then from fate.
Inflation (n.) is the analyst's occupational disease: told by patient after patient that he is a saviour, it tickles him, until he founds a sect and is lost to the profession.