Without side tracking the discussion too much, how is everyone so sure the rise in inflation is what it is? Wouldn’t the rise in prices be more attributable to supply shocks of the last two years? We know housing is shocked due to inventory, along with cars due to semiconductors, and general electronics (still can’t click buy-it-now on a PS5 at MSRP, still near $1k). How can this be inflation? How are they sifting supply and demand out of the equation?
Inequality has been so high for so long, that I can’t imagine even 10 trillion dollars of global money shifting the pendulum in the other direction like this. Most people didn’t put that stimulus money into assets, it should have technically vanished (aaaaaand it’s gone - South Park) into consumerism.