The economic definition of inflation is money supply + velocity = inflation.
What happens when you provide short term repurchase operations of trillions of dollars, when you print billions more in additional quantitative easing, when you establish billions in short-term commercial paper guarantees, when you provide bail-outs to oil, airline and entertainment industries, or when you print thousands of dollars and send it to every single person in America?
While maybe all good questions, maybe the best question to muse upon is what happens when the global pandemic is solved and the economy begins to start back up again?
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