because it isn't that simple. details matter and the way PPP loans were implemented is why there was such bad inflation, and it's not just the printing of money itself. we want the world to be explainable by tidy neat rules but unfortunately reality is a lot more complicated and we can't go back in time and run an experiment with a different 2022 so we're left trying to reason about things and with a system as complex as the US economy, the simple answer doesn't account for all the variables that went into the system to cause inflation. Which is to say, I believe that a different president, with a different implementation of PPP loans would not have resulted in the same inflation. The amount of fraud and graft that happened soaked the system leading to inflation that didn't have to happen.