> We printed 40% of all dollars ever printed last year. (!!!) Do you have a citation for that claim? I can't find anything like what you're stating. If you're

> We printed 40% of all dollars ever printed last year. (!!!) Do you have a citation for that claim? I can't find anything like what you're stating. If you're talking about the huge increase in the M1 money supply, that "increase" comes from a regulatory change that took place in April of 2020 that now includes savings accounts in the M1 measurement (thus bringing it closer in line with M2). See: https://fredblog.stlouisfed.org/2021/05/savings-are-now-more-liquid-and-part-of-m1-money/ https://fredblog.stlouisfed.org/2021/05/savings-are-now-more... If you're talking about actual printed Federal Reserve notes, that's also not the case. See: https://www.federalreserve.gov/paymentsystems/coin_currency_orders.htm https://www.federalreserve.gov/paymentsystems/coin_currency_... and https://www.federalreserve.gov/paymentsystems/coin_data.htm#volval https://www.federalreserve.gov/paymentsystems/coin_data.htm#... As for: * > Why is anyone surprised that everything costs more when everyone has more money?* Everything doesn't cost more because "everyone has more money". If anything, recent wage increases have finally allowed some Americans to catch up to the massive increases in housing, education, etc. As for prices going up, that's due to massive, ongoing supply chain constraints. No monetary policy is going to change that. You can read all about it in various articles linked to here on HN. If you need more evidence, look at the price of gold over the past year: https://www.kitco.com/scripts/hist_charts/yearly_graphs.plx?au00-pres=on&submitauC=View+Charts https://www.kitco.com/scripts/hist_charts/yearly_graphs.plx?... Gold, a common inflation hedge, is down over six and a half percent since this time last year. In fact, it peaked around August 5th/6th, 2020 at $2,067.15 and has been trending downward since. Other commodity prices, which were depressed in 2020 due to COVID-19 suppressing demand, have now swung the other way and are definitely higher than they were a few years ago. However, most of them are still below their ~2014 peaks. That said, it looks like there may be some relief on the supply chain front. There was a meeting at the White House a few days back between the President and "shipping companies, mega-retailers and unions" to deal with ongoing supply issues. It now looks like some backed-up West Coast ports will now operate 24/7. We still have a dearth of truckers due to the 2019 US transportation and manufacturing recession (see: https://www.businessinsider.com/why-trucking-industry-slowdown-trucker-job-loss-2019-7 https://www.businessinsider.com/why-trucking-industry-slowdo... ) and subsequent overall slowdown during 2020 due to COVID-19, but things are slowly improving. We might see the supply chain issues easing soon. Container shipping rates may have already peaked (see: https://www.bloomberg.com/news/newsletters/2021-10-11/supply-chain-latest-container-shipping-rates-are-drifting-lower https://www.bloomberg.com/news/newsletters/2021-10-11/supply... ) and with increased port operating times, we'll hopefully see a reduction in transportation costs which, as of right now, are a major part of price increases. Then there's the whole semiconductor manufacturing pipeline bottleneck but, as more chipfabs are being constructed worldwide, that should provide relief for those of us hankering after GPUs, CPUs, and whatnot, and should help automakers move inventory.