I don't think there is any basis to say too much money printing caused inflation. There were many countries with even lower rates for many years and no inflatio

I don't think there is any basis to say too much money printing caused inflation. There were many countries with even lower rates for many years and no inflation to speak of to the point of it becaming problematic. What caused this wave of inflation was supply taking a hit. Fallout from COVID and then war in Ukraine. It was difficult to get many good which normally were easily available. It's not rocket science either: inflation is about always caused by falling demand. It doesn't matter how much the government prints. When bread is hard to get people will exchange a lot to get a loaf. If anything it seems like overreaction by the feds to raise the rates so much. It's not like them reducing access to capital magically makes goods appear on the shelves.