None of the replies or comments above has addressed my questions: According to "The Bitcoin Standard" book, U.S. prints an average of about 7% more money per year and China prints an average of about 20% more money per year over many years or decades. Why the actual average yearly inflation rates seem to be less than half of those numbers? Why the huge injection of U.S. dollars after 911, 2008-2009 Great Financial Recession, and 2020 Health and Financial crisis don't seem to cause any jump in inflation but only the mild or steady inflation many or most people desire?
We need more experts' input!!! Thanks.
Normally when you pump in lots of money, you should have corresponding increased products/services/assets that can be traded with those money. That is what happpened in China, their money were used to modernize their country that billions of people are living
But this time, due to the total lock down of the whole city and whole country, transport is disrupted world wide, there are less products, services and assets available to be traded. If the virus can not be controlled in a few weeks, then there will be shortage of many things in every shop. Even with purchase quota, those who simply double the price will have no problem to sell. Unless the whole country fall into a communist model that uses planned economy, there will be run away inflation, because now everyone have received some cash, unlike 2008 that only banks received the money