The money supply at the bottom of the economy was disrupted. Mass unemployment disrupts the velocity of money at the bottom of the economy. The labor supply is

The money supply at the bottom of the economy was disrupted. Mass unemployment disrupts the velocity of money at the bottom of the economy. The labor supply is there, the jobs that allow laborers to be paid for doing work are not. As these laborers are no longer able to buy goods from retailers that serve them, the demand evaporates. So you agree, there's not a disruption in the "supply of real goods" so we shouldn't see inflation as stimulus checks and family UBI relieve money supply issues exactly where that supply issue exists. The quantity of money might have gone up for large companies, banks and those positioned correctly, but that's inaccessible to the majority of the American population. The majority of 2020 stimulus was delivered to private banks that prioritized their largest strictly for-profit customers. 2021 stimulus, in contrast, shifts the balance toward direct aid and city/state aid.