The Macro Moment: How Is Money Printing Causing Inflation When The Money Is Not In People's Hands

On the day when the Labor Department released the latest CPI numbers, all the inflationists are going nuts over the "money printing". My question is how can that be the cause of higher prices when what the Fed prints is personally held by zero Americans or businesses?

In this video I discuss what Fed "printing" does during QE and how it impacts things.