Just naming something doesn’t invalidate it.
The academic consensus is a proxy for cultural elite; the condescending narcissists and effete.
Nothing reeks of moral superiority like brushing away opposition as "uneducated."
Most propaganda & marketing campaigns are coming out of well educated folk. Look into the Heritage Foundation, for example...
What mainstream economics has tried to convince us is that hard work is meaningless and infinite money can be printed. Scarcity is a myth. I don't need complex graphs to explain away why printing shitloads of money causes inflation and warps incentives. It's hilarious that Keynesians keep pushing the same garbage and being surprised when people respond by purchasing scarce assets like Bitcoin. What did you expect would happen?
The truth is that inflation expectations were in the hole [0], and the Fed action restored inflation and price stability as per its mandate.
I can't believe its possible to be so wrong.
The history of humans might as well be "getting economics less wrong than last time"
I know of no serious economic school that espouses this.
Dollars in your pocket (not 70%, but 100% of them) have been created out of paper, after a swap of figures on a balance sheet (that you call “thin air”). The number of paper dollar didn't increase by ~70% this year, what did is an economic aggregate called M1 which is a conventional (since the sixties) way of counting certain things. It ISN'T some fundamental value of what-money-is®. Most of the dollar every American own (their bank account, and their savings) have never been part of M1, so this money wasn't affected either.
The monetary system is a complex thing, and the landscape is changing at a fast pace since 2008, which makes it even harder to graps. Unfortunately, most cryptofans didn't even try to understand it, and they keep parroting the almost 100 years-old Autrian critique of central-banking without any kind of cognitive effort: “It's obviously broken, so I'm not going to try understanding it”.
For people without prejudices, interested in understanding the subject, I strongly recommend Perry G Mehrling's lecture on the Economics of Money and banking on coursera: https://www.coursera.org/learn/money-banking