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that’s the governments in the EU deflecting blame and not admitting they messed up telling people to stay home, in some countries up to a year, and then paying those people to stay home (literally money printing) that it had no direct influence on inflation or wasa primary driver of it.

I mean you’d have to be completely stupid to believe that what they did had no impact on inflation.

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It's definitely controversial and in the short term it's probably dwarfed by other factors (velocity of money and external factors), but it stands to reason that if M1 increases by 300% while population remains roughly static and GDP increases by 50%, in the long run there will be inflation.

If tripling the amount of base money has no effect then logically destroying 70% of the base money would also have no effect, but I never see people advocating that

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