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Approximately 40% of all dollars printed were printed in the last year, and that was before the most recent cash giveaway.
source?
From late 2020: https://www.investmentwatchblog.com/35-of-all-us-dollars-ever-printed-were-printed-this-year/
The primary document that claim was made on: https://fred.stlouisfed.org/series/M1
Edit: Here is a more easily digestible source https://tradingeconomics.com/united-states/money-supply-m0
Thank you
. That's a 26% increase. In other words, 26% of all dollars in existence came into existence in the last year. Unless you can say the GDP increased by 26% then that means 26% inflation is coming. You can't just increase the supply of money, hold GDP constant, and not have the value of money drop proportionally.
GDP is a terrible measure of wealth produced.
Thank you
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