Part of the problem might be that there are so many dollars out in the world, for people to do whatever with. The US has kind of lost track of how much is in circulation.
The COVID economic policies lead to a K-shaped recovery. It was a money-printing bonanza that didn't do enough for average people while transferring wealth to the very top.
This was layered on top of near 0% free money and QE.
It feels like we're replaying 1979 all over again.
