It depends how the money flows and where it ends up. And inflation csn come from increased demand, decreased supply, or a little bit of both. The fed creates most of that new money when buying mortgage bonds and federal government debt.

So there's more money available to buy homes at a low interest rate, and we've seen hone prices go up. If more people had steady good paying jobs, prices would be going up even faster. But there's also a lot of refinancing that's fueling a boom in construction for home improvement.

On the government side, the extra money went to these crazy covid-related bills and God only knows where it all ended up. But I suspect it just kept prices steady for a lot of goods, because otherwise unemployed people wouldn't have been able to afford expensive food, medic bills, cars, electronics, energy, etc.

Employers are also really hesitant to raise wages to attract new employees because they don't think the market will take the higher prices. Many restaurants are in that situation right now, with some choosing limited hours rather than hike prices. It'll work itself out eventually, but I'm already seeing $10 for a standard fast food "meal" and $20 for a large pizza.

How much is surplus vs. just replacing old bills?

It should mean that but our currency is completely fiat so the rules of economics don't always apply. If they did we'd have basically been bankrupted on August 15, 1971, when President Richard Nixon announced that the United States would no longer convert dollars to gold at a fixed value.

I'm in Bitcoin to insulate myself from it.

All the tards around me who went into bitcoin told me its anonymous and then you sign up and it isnt. What are people on? soooo many drugs. Drugs make people stupid. ohh but my feels beeter

soooooooooo

inflation is based on what money can buy

the supply of dollars, or how many dollars are in the market will surely affect inflation. So does the availability of goods (if there are fewer goods then they will cost more in response to a scarcer product if demand is flat)

MOST of those dollars went to the super wealthy. If besos doubles his wealth but there is still a poor bloke willing to mow your lawn then $10 can still buy you an hour of labour.

Inflation is going up but its not just because of the money supply. It is also because products are becoming more scarce AND because unemployment benefits increased, fewer people are willing to work for low wages. Its all three factors together. increased money supply, product scarcity, and people choosing not to work.

Normalicy bias says America could never suffer a fate like Weimar Germany or Venezuela, but the truth is contrary.

Our whole society is dead, dead end jobs worked by dead eyed workers keeping the machinery going. The super rich are now even richer and so the speculative game begins. All the inflation in my opinion is speculation driven, except oil.

Hypothetically say the speculators drive up the price of corn futures for whatever fucking reason, that leads to higher costs all the way down the chain. Eventually to your breakfast cereal. Speculation in real estate, aka blackrock and gates, leads to higher prices through consolidation and cartel pricing. All that free money finds its way back into the economy and the dead eyed plebs are the ones that take it on the teeth.

As others have said it will come in spikes that eventually spread to the broader economy. Futures and commodities will lead the speculative rush along with real estate and land. Can you imagine where that 2T in crypto speculative money would go if crypto wasn't a thing?

Oh, you optimist!

im expecting more. High inflation is going to dislodge a lot of foreign governments stacks of reserve cash.