> #1 we are doing gargantuan "stimulus" transfers of money. This money will serve 1 thing only: The US will become a net exporter (and to some degree, it always was) of inflation.

This is incorrect, for two reasons.

Firstly, because there are two ways that new money is created (which is what causes inflation).

Those ways are fractional reserve banks issuing loans, and the printing presses at the Fed.

In normal situations, the printing presses aren't running, and most new money is created through the fractional reserve banking system. In a recession, like the one we are in, fractional reserve banks stop lending, and thereby creating money - and the printing presses at the Fed fulfil that function, instead.

We didn't go from 'no money being printed' to 'a lot of money being printed'. We went from 'a lot of money being printed by banks' to 'a lot of money being printed by the Fed.' The difference between those two things is not very large.

Secondly, stimulus money isn't magical printed money that was just parachuted onto the economy, with no strings attached. It's money that the government borrowed - and will have to be paid back by taxpayers - like any other loan.