Those concepts aren't really mutually exclusive in this case. What's it matter if the money is being conjured out of thin air by a central bank or being pulled

Those concepts aren't really mutually exclusive in this case. What's it matter if the money is being conjured out of thin air by a central bank or being pulled from a billionaire who would otherwise park it somewhere? Either way it's going to create a whole lot of extra demand and cash being spent on goods & services, which will drive inflation.