Those first in line for the Newly Printed/Created money get the most value out of it, they can buy tangible property that retains that value with the new money before it has lost it’s value, and since it is new and free to them and a lot of it, prices naturally rise as a result. However Every time a Dollar changes hands it loses value, by the time it filters through the government and the banks and wall street down to the regular society, prices have already gone up and the value has been stolen before you ever saw it.
I would suggest mises.org for some good reading on Money, or The Creature from Jekyl Island which is available online for free, best book on money I ever read.
Goldman Sachs sells a US Treasury yielding 3%, to the Fed, gets cash yielding 0.25%. When does Goldman get value out of that trade? Spell it out.
they can buy tangible property that retains that value with the new money
If I sell my Treasury at the same time, do I get some cool benefit?
before it has lost it’s value, and since it is new and free to them
Free? LOL! They had to sell a higher yielding bond to get it. Free? That's funny!
The Creature from Jekyl Island which is available online for free,
That's about what it's worth.
best book on money I ever read.
I guess that explains your confusion.
FRegards