Originally Posted by
SonicFlyer
You realize that 40% of dollars in existence were printed in the last year, right?
More Dollars X Lower Velocity of those Dollars = Essentially Unchanged, thus NOT a cause of inflation.
Most of those extra government payments went to savings or paying down personal debt. They did not go to extra spending. My investment management firm presented clear graphs that show this. (Unfortunately I am not permitted to reproduce them here.)