I really don’t get this argument at all. The USA introduced all this extra cash via fiscal policy. We spent that extra money, but supply didn’t increase.

We saw increases in products such as lumber, delays in deliveries, and other things. These are all indicators to show increased demand without increased supply.

If companies are selling goods and services, and more money is chasing those goods and services, why wouldn’t companies make record profits?

Here’s the kicker, these companies have made record profits from a number perspective, but the currency is devalued. So in Real value, these companies have made much less profit than they think.