It's definitely controversial and in the short term it's probably dwarfed by other factors (velocity of money and external factors), but it stands to reason tha

It's definitely controversial and in the short term it's probably dwarfed by other factors (velocity of money and external factors), but it stands to reason that if M1 increases by 300% while population remains roughly static and GDP increases by 50%, in the long run there will be inflation. If tripling the amount of base money has no effect then logically destroying 70% of the base money would also have no effect, but I never see people advocating that