The purchasing power of the US Dollar has been virtually erased since the creation of The Federal Reserve in 1913 when $1,000 in 1913 is now worth $36.36. And M2 Money Velocity (GDP/M2 Money) has crashed and burned to the lowest level in history.
Inflation? Home price growth YoY is the highest in modern US history. And CPI growth YoY is the highest since the Financial Crisis and July 2008.
The Fed is predicted to ease its foot off the printing press in the latter half of 2022.