Which isn't what's happening. It's been months now that this was being floated, and the stock market has been volatile the last half year, an outright bear market in some sectors. Trillions in equity have evaporated already, and that's not even taking into account the wealth erosion of high inflation.

Now's the time to be skilled, but not the time to be a rentier.

Overdo it and you crash the economy. On top of that, inflation is still likely going to fall back down in a year, so no reason to overcorrect now when the downside is so bad.

Or you could use your capital to invest in a business to increase the supply of goods that this excess money is chasing. That would help fight inflation.

What you're saying isn't new.

This is pretty much it. The engine already overheated, now we're just dumping water on it.