However inflation (as measured through the CPI) is a lagging indicator and the 'printing' of 2020 was *so extreme* that we are still feeling the effects.
according to that chart, the total supply peaked in 2022 but the amount of money printed in 2022 was less than the amount of money printed in 2020 & 2021.
all you have to do is look at the vertical angle of the line on the chart.
in 2020 the line goes up drastically, in 2022 the line falls nearly flat
Exactly (note that I said the rate of printing dropped substantially, and that the supply peaked in 2022 - not that 2022 was comparable to 2020 or 2021).
2020 was far and away the single worst year for money supply expansion in US history.
Now let's all remember *who was in office* in 2020, before we talk about supposed 'Bidenflation'....
