Inflation is becoming the top political/economic issue in the country.
Like any issue that actually matters, there's more misinformation than anything else. Republicans want to blame poor people and Biden for the inflation.

Republicans argue that "exorbitant handouts" from the federal government, including a $300 weekly federal pandemic unemployment benefit, also have contributed to the labor shortage and rise in inflation.

But Biden's BBB plan was never passed and inflation began to pick up before he ever took office. As for blaming poor people, well, let's look at the raw numbers.

The M2 money supply is the broadest measure of the amount of money in the economy. The large and unnatural spike in the M2 during 2020 is hard to miss. Anyone familiar with supply and demand could tell you that if you massively increase the amount of money in an economy that prices will rise.

So did that come from giving poor people money? Hardly. First of all, the spike is much larger than the $260 Billion spent on extra unemployment benefits in the CARES Act. More significantly, just look at what happened to money velocity in the economy.
[According to Wikipedia: The velocity of money is a measure of the number of times that the average unit of currency is used to purchase goods and services within a given time period.]

Money velocity dropped off a cliff even while a mountain of money was shoved into the economy.
That may seem like a contradiction, but it isn't. It's a clue to who got all that money.
According to the Congressional Budget Office, each dollar of UI benefits raises aggregate economic activity by $1.10. In other words, when you give poor people money they spend it. Every dollar spent on SNAP benefits (i.e. food stamps) generates $1.67 in economic activity.
The poorer the people getting the money the more likely they will spend it. Wealthy people are more likely to save or invest it. This isn't a controversial statement.

It may have occurred some of you that it is exceedingly rare to have inflation with a collapsing money velocity. After all, why hang onto money if it's falling in value?
This is happening because we are seeing price inflation driven by massive asset inflation.
Put another way, what actually happened since 2020 is a case of massive wealth extraction from the poor to the rich. The instrument of that wealth extraction was the Federal Reserve.

The massive Federal Reserve asset buying spike happened almost exactly at the same time as the M2 spike and the M2 velocity drop. This is not a coincidence.
Still that $4 Trillion spike in Fed assets doesn't tell the whole story.

The Fed has no business buying $2.7+ TRILLION RESIDENTIAL Mortgage-Backed Securities (RMBS). The Fed recklessly pumped the housing bubble for Wall St's benefit. Result?

Out-of-control housing inflation - for both home prices AND rent. It's like they WANT a homelessness crisis! pic.twitter.com/dNiVfP6dAn

— Occupy The Fed Movement (@OccupytheFeds) March 25, 2022

The Fed has done something never before seen in economic history: they re-inflated an asset bubble. Two asset bubbles in this case: housing and the stock market.
In normal times, housing is one of the largest expenses of the working class. In 2022, it's a black hole of expenses.

It's no secret that institutional investors from Wall Street are loving this housing crisis.
Now guess where those big investors suddenly acquired that mountain of cash that they are using to buy up all of the homes?

$48 TRILLION, more than twice the size of the GDP of the United States, was created out of thin air by the Federal Reserve, and shoved into the banking system, without a vote by Congress, or even an article about it in the NY Times. A large part of this bank bailout wasn't even to banks in the United States. Yet you, the American taxpayer, are still back-stopping all of those loans.

Wall Street on Parade sifted through all of the boring, Federal Reserve financial reports and pulled out a gem like this.

As thousands of businesses were forced to close in the U.S. as a result of the coronavirus outbreak in March of 2020, and millions of Americans were financially struggling, the Federal Reserve was pumping what would become a cumulative $3.84 trillion in secret repo loans into the U.S. trading unit of the giant French global bank, BNP Paribas, in the first quarter of 2020.

The repo loan market is where banks, brokerage firms, mutual funds and others make loans to each other against safe collateral, typically Treasury securities. Repo stands for “repurchase agreement.” The Fed only comes to the rescue of this market when there is a liquidity crisis and Wall Street firms are backing away from lending to each other. September 17, 2019 was the first time the Fed had to intervene in the repo market since the financial crisis of 2008 and it was months before the first case of COVID-19 was discovered anywhere in the world.

BNP Paribas is not just any ole global bank. It’s the bank that the U.S. Department of Justice fined $8.8 billion in 2015 for flouting U.S. sanctions, covering its tracks, and pleading guilty to a criminal charge.

What may have led to the scramble for money by BNP Paribas Securities is – wait for it – risky derivatives, the same financial weapons of mass destruction that blew up the U.S. financial system and economy in 2008 and led to the biggest bailout of Wall Street in history by the Fed.

The BNP Paribas information comes from a repo loan data dump by the New York Fed this morning – the regional Fed bank that handled all of these secret repo loans from their inception on September 17, 2019 to July 2, 2020.

The Fed has withheld the release of the names of the banks that got these massive loans for two years but is now forced to release them under the provisions of the Dodd-Frank financial reform legislation of 2010.

The raw Fed data can be seen here.

We shouldn't overlook the fact that the largest bank in America, and five-time criminal felon, JBMorgan Chase, took an oversized amount of that bailout money.

According to the quarterly data releases by the Fed for its repo loans, the trading unit of JPMorgan (J.P. Morgan Securities) borrowed $2.59 trillion in term-adjusted cumulative repo loans in the fourth quarter of 2019 and another $3.6 trillion in the first quarter of 2020.

Wall Street on Parade has also noted the total news media blackout on this enormous bailout.

So there you have it. A direct line from point A to point B. A map showing how we are being ripped off by every important player in the financial system. However, since the news media didn't report it, will anyone believe me?