But if inflation is so high because we made way too many dollars (compared to Europe not making way too many euros), why has the dollar been strengthening against the euro?

Not saying you're clearly wrong, just that there are dynamics that I, at least, am not understanding.

It couldn't POSSIBLY have anything to do with the money the last guy printed, it's definitely all due to the money the current guy printed. Obviously.

>Why is inflation so much higher [0] in the US than Europe?

It is not. It looks like the author of the tweet cherry-picked some inflation components but overall it looks equally bad.

See https://ec.europa.eu/eurostat/documents/2995521/14442438/2-0...

It's not. Inflation in March 2022 in the eurozone is 7.5%.

The US has been printing money non stop since 08. Never caused a problem before

You'd think that, but data-driven economists were finding low correlations for this kind of (rational) thing specifically for the modern US dollar, which is confusing. Super great PlanetMoney/freakonomics episode on inflation ~last year. If I remember right, this broken state goes back to at least the Obama years, maybe closer to Clinton.

It's a weird state to be in. The rational thing becomes to continue (leverage) the weird situation -- the market expects continued regular high spend for whatever regular big thing of the month/year -- and the irresponsible thing becomes any deviations that risk rocking the boat (ex: risk EU style rallying on austerity becoming a self-fulling prophecy). A lot on inflation concern is triggering FUD loops (sporadic supply chain hits vs YoY spirals), so when we know the market treats USD differently to beginwith, accepting the FUD (by policies that assumes the USD is a weaker currency) is kind of the worst thing policy makers can do. Likewise, most non-US countries rely on USD stability, so probably same thing for their policy makers.

I'd hate to be the one making these calls.