So the point in an economy with underutilized resources money printing does not necessarily translate money printing to inflation directly. More importantly, th

So the point in an economy with underutilized resources money printing does not necessarily translate money printing to inflation directly. More importantly, the US has carried out a huge money printing scheme: QE. The federal reserve bought a couple trillion of US debt de facto reducing the amount of outstanding debt. What I am arguing for is QE with a higher tolerance for inflation.