• INFLATION IS AN EXPANSION OF THE MONEY SUPPLY, NOT AN INCREASE IN CONSUMER GOODS/SERVICES.  
• WHEN THE FED DOES QUANTITATIVE EASING, IT CREATES NEW BANK RESERVES(NOT MONEY), AN ASSET OF THE PRIMARY DEALER BANK. 
• PRIMARY DEALER BANKS USE BANK RESERVES(EXCESS RESERVES) TO BUY TREASURIES AT AUCTION. THESE BANK RESERVES WERE NEVER IN THE REAL ECONOMY. 
• WHEN GOVERNMENT IS DEFICIT SPENDING AT UNPRECEDENTED RATES, THEY ARE USING NEWLY CREATED 'MONEY' FROM PRIMARY DEALER BANKS, THROUGH THE FED. 
• RECENT CHILD CARE TAX CREDIT IS HIGHLY INFLATIONARY, AND POSSIBLY THE BEGINNING OF UBI(UNIVERSAL BASIC INCOME). 

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