This does a GREAT job of explaining money velocity issue. The trillions locked up on the banking system is not OVERALL inflationary, it is inflationary in purchasing assets. (Real estate, stocks, etc).
Hence why any sustained inflation I think is in the future, not in 2021 and not until 2023 at the EARLIEST. We are in, and will continue to fight, the great depression 2, most don't realize we are in it.
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