Greedflation believer claims the money supply was hugely expanded after the 2008 economic crisis without causing inflation, suggesting that the recent big expansion couldn't be the cause of our recent inflation.
So today's exercise is to compare the post 2008 money supply increase to the post 2020 money supply increase and draw your own conclusions.
We saw price increases from QE before Covid, it’s just that those increases in prices were seen primarily in assets like stocks and real estate.