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The US did something similar during Covid - many people not working, government printed money and handed it out, saving it earned no interest, and the money depreciated ~10% a year (“inflation”). It worked surprisingly well. And, like Wörgl, it was killed by Serious People.

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Inflation was largely driven by companies utilizing price increases created by short term supply shocks, and making them permanent.

Pepsi controls 90% of the potato chip market.

6 companies provide ~80% of all products on the interior aisle shelves of your grocery store.

There is no universe where the quantity of money in pandemic stimulus even remotely approximates the total net price increase (inflation). Rather, the corporate net profit increase accounts for the vast majority of all inflationary pressures.

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