“I would prefer an honest market.”
The market has always been based on factors that the average person (I include myself sometimes!) just doesn’t understand.
But someone might help me with something that has bothered me for a long time. Back when I was in college (when they actually taught something) I was taught that when large amounts of money being pumped into an economy causes inflation. The perfect example was the Weimer Republic in pre-Hitler Germany. They tried to get out of debt by running the printing press overtime pumping out money. But in recent years there has been little inflation even though the Fed has been doing much the same thing. I know that someone will tell me that this is a dumb question, but could anyone help me here?
The problem with the inflation number is that the government calculates it, and its calculations are rigged in its favor (so it doesn't have to give COLAs to social security recipients).
For an honest accounting of inflation, for real world items that you and I buy, visit:
https://chapwoodindex.com
But in recent years there has been little inflation
We have tremendous inflation. There are exceptions to inflation don’t focus on them.
Why is the stock market up? more money chasing few stocks. There is no discussion of those companies being profitable only perception.
if you want to understand the economic situation read The Vampire economy, easy read and downloadable here:
https://mises.org/library/vampire-economy
If money is not released into the “wild”/”the market”, inflation can be curtailed (Through quietly/strategically “hoarding”). Wiemar had a lot of variables but some (Emphasize some) of the variables could exude upon other countries (Even with viable central banks/bonds/commodities).
The answer to your question is that the world has a dollar shortage.
In recent years countries besides the United States have issued huge amounts of debt denominated in dollars.
That’s because international investors trust the U.S. dollar, and they don’t trust the currencies of a lot of other countries. The amount of that outstanding debt is around 60 trillion dollars.
These countries need dollars to service the interest on their debt. This has created a global shortage of dollars estimated to be about 13 Trillion as of March 2020.
So while the Fed has increased the money supply by a few trillion dollars it’s being absorbed by international demand. That’s why you aren’t seeing a ‘70s style inflation.