A few observations I generally do not see discussed. Velocity of money has a large impact on the inflationary impact of circulating money. Bank loans endogeno

A few observations I generally do not see discussed. Velocity of money has a large impact on the inflationary impact of circulating money. Bank loans endogenously produce new money in the economy. This can dramatically impact the inflation seen relative to Fed printing. Official macro stats, especially inflation are tweaked to death and are not a stable metric.