[Eli5] how come the inflation level isn’t going up in the US, if the government literally gave everyone like 1000 dollars 3 times?

Question

From what I know, the government can make cash out of thin air, but this causes inflation levels to rise. Or is everything they’re giving out just their surplus?

In: Economics

Answer 1

The money is coming from previous years’ taxes and debt to other countries. There are times where the government will print more money, know that inflation will increase, but not for the sake of the recent checks.