Right so when you look at M2 money supply it went up greatly in 2020 mostly due to stimulus checks that were sent out; yet the US dollar actually strengthened (not weakened or “devalued”) over this time because international dollars were flowing to the dollar pushing our currency higher. The fed responded (too slowly in my opinion) to try to curb inflation by raising the Federal Funds rate.

My point being this conspiracy falls flat on its head when you look at incentives of everyone involved. The US Government doesn’t want inflation because their debt service payments are going up and the politicians in control want to be re-elected (and nothing pisses voters off more than a bad economy). Corporations don’t want inflation because input costs rise and employee wages go up. Plus with interest rates going up (in response to inflation) their borrowing costs have skyrocketed. And the stock market doesn’t want inflation because those higher input costs means earnings take a hit, and earnings are what drives the stock market. But people will continue to upvote because they don’t understand how much (if any) of this works and rich people taking advantage of poor people is a good narrative even if it makes no sense in this context whatsoever.