You need to look at velocity of money in conjunction with the money supply to get the true picture: https://fred.stlouisfed.org/series/M2V https://fred.stlouisf

You need to look at velocity of money in conjunction with the money supply to get the true picture: https://fred.stlouisfed.org/series/M2V https://fred.stlouisfed.org/series/M2V The tweet you linked leaves out half the story, which is that money velocity is down greatly, thus the increase in money supply hasn’t caused rapid inflation. https://www.stlouisfed.org/on-the-economy/2014/september/what-does-money-velocity-tell-us-about-low-inflation-in-the-us https://www.stlouisfed.org/on-the-economy/2014/september/wha...