Since the end of February 2020 until the end of April, more liquid money was added to the U.S. money supply than there was outstanding in August 1992.
In relative terms, the recent monetary inflation is second only to that of 1983 -- note that 1983 saw the highest monetary inflation ever. A 24.8 per cent y-o-y money supply growth is pretty respectable.
While most economists are worried about CPI deflation risk, a double-digit 20+ per cent monetary inflation can hardly fade away without side effects. Or can it? That would be the first time in history.