Where the money comes from is important though which you point out probably wouldn't just be printed (injected from nowhere), but pulled from somewhere else. So where DOES it come from? I'm assuming one way or another it comes from the rich or from companies -- where else would we come up with that kind of money? But that doesn't change the idea that 330 million (I'm using USA numbers) people suddenly have significant more money than they had before. What will they spend it on? Everyone can't upgrade their housing -- the housing available is finite, and supply pretty much meets demand. Giving everyone money increases demand, but how will supply change to meet that? Go through the same thought process on cars, food, electronics, toys, clothing, transportation, energy, raw materials, etc. Increased demand on everything will increase prices pretty much across the board. It's Econ 101.