> It really hurts the people just getting started in the economy.
Yes!
A dollar is a good just like any other. If there is more of it, it is worth less. If you print more money, the dollars that people hold and have are worth less.
That said, the US has gotten away with printing dollars for a very long time with very little inflation in basic consumer goods. It seems to mostly end up in real estate, stocks, etc. where most are happy to see prices shoot up. Except, of course, those who are just getting started and can't afford to get in on the inflated prices.