I've missed your highly informative comments John!!

Addressing your first point, I think the bulk of middle class people aren't aware that the Fed printed so much while keeping interest rates low to make it look like the pandemic had no economic effect. I only come to that conclusion because America ranks very low in global financial literacy and 78% of adults live paycheck to paycheck. I believe we should be more aware, but perhaps I was being hyperbolic.

As for the second point, I agree that money printing hasn't effected the price of goods directly. However, money printing coupled with an interrupted supply chain during the pandemic makes for a very bad situation. For instance, I saw the price of iron ore and lumber have doubled while the price of corn is up 91%. This trend mixed with money printing could be devastating.

I do, however, have to study the American supply chain much more to see the extent of where the pandemic left us. But I feel as though the United States has put itself in a situation where we can't afford much more financial stress on our economy. Conversely, maybe we're the one economy that can get away with it.

Thanks as always for taking me to task.

Isaiah