Look how much the stock market has gone up recently, or home prices, or tech profits. or anything else. more money being made than ever, more wealth than ever = more private jet demand.
https://www.mckinsey.com/featured-insights/coronavirus-leadi...
https://www.economist.com/briefing/2021/07/10/surprising-lev...
https://www.economist.com/img/b/600/653/90/sites/default/fil...
In Canada, tons of people complain about how the pandemic is causing everything to soar in price and they wonder why politicians will not do anything and we just had an election where it was mostly an ignored topic.
What the non homeowners miss when they complain that the government's policies priced them out of the market is that for 65% of Canadians, the government's policies make them rich. That is why the politicians are quite happy about surging house values.
Imagine someone in a basement printed 50% of the money supply; that unrealized inflation has happened, although consumers haven't yet seen it realized in CPI. But once that person starts spending it, it reverbates throughout the economy and becomes realized. Like potential energy in physics.
Housing will inflate much faster that the rate of money supply increase as you can always own more property. All excess money would go into property and stocks.
If you own a house and stocks, you now have lots more equity to spend, but regular consumption has not increased in price anywhere near as much.
If you don't own a house, your goal just got a lot further out of reach and your salary will not rise accordingly because the prices for consumables didn't rise much and demand did not rise much.
People with average income will have to pay back 100% of it, which is not too easy to make investing it. At the 10% pecentile, you're expected to cover for about three people.