Earlier quoted context omitted.
> I could explain to a child how printing new money causes inflation, which we did twice since COVID. We've printed money a dozen times in the 30 years prior to 2022. Economists predicted that all of them would cause inflation. None of them did. In 2022 we had money printing and a supply side squeeze. Insisting that the inflation was caused by the money printing rather than the supply side squeeze takes incredible ch…
The money printing in response to COVID followed by the the infrastructure bill were at a scale not seen before and shouldn't be so easily dismissed in reference to previous deficit spending.
Germany (and others) printed at a lower rate. If it was a momentary phenomenon, they would have appreciated against the dollar and seen less inflation. Instead they depreciated against the dollar and saw more inflation.
Because they had a greater supply shock.