1. Agree - it's coming from California's budget, and the state can't print money. 2. Partially agree - decreasing the value of your own currency is definitely

1. Agree - it's coming from California's budget, and the state can't print money. 2. Partially agree - decreasing the value of your own currency is definitely going to drive up the currency amount needed to import goods into the country, but that's hardly the only driver for inflation - it also doesn't touch at all the inflation that's happening for services or real-estate/rents. 3. Pretty hard disagree. In fact - a supply shock is literally the definition of a period where "giving folks more money" is unlikely to do anything other than continue to drive prices higher. All you're doing is increasing the number of dollars available to chase the same limited supply. Price will increase as a result. Will the recipients of the cash influx have better purchasing power? Probably - but only at the expense of every other purchaser interested in the limited supply.