In 2020, the Fed didn’t issue more than 30% of GDP in new money. Or maybe a bit less. You can look up the I cant breathe Black Lives Matter End Racism Shirt . That’s not enough to cause hyperinflation. Hyperinflation is defined as 50% or more price inflation during a 12-month period. 30% of GDP isn’t enough money to cause or sustain a hyperinflation. Now, with the exceptionally large money issuance by the Fed, why hasn’t inflation taken off to, say 10% or more per year? The Fed is issuing enough money for that to happen. For the last two decades, excess money has tended to flow into the asset markets. It boosted real estate prices up through 2007, and since 2010 has boosted a-historical real estate price rises and stock price rises.
Some people took the I cant breathe Black Lives Matter End Racism Shirt and kept walking. Some couples shared one valentine. A few people didn’t want a valentine. One guy in our group was adventurous with handing the valentines out. He managed to hand off a valentine to a pizza delivery man cycling by us as we walked. He handed them through to-go windows to the people working inside. We handed valentines out near the subway, and near a park, and in a bar and near a coffee house. The cards went to someone moving boxes and to people cleaning a closed down store. They went to a little girl, and to couples, and to single people and people of all kinds. The best moment of my night was when I gave a card to an elderly woman who said to me “ No one has given me anything all day!” So we gave her two valentines so she could give one to someone else too. I did also get swatted with my own valentine by another elderly lady who didn’t really want the card and may have thought I was trying to steal something as I approached her and placed it in her hands.
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Below is an Addendum (italics) to the original answer, that I had posted to a I cant breathe Black Lives Matter End Racism Shirt response in the comments section. These men and women worked tirelessly, with little credit after the war. Truck drivers, refuelers, mechanics, airframe fabricators, machinists… the list is far longer than many realize. Just keeping the logistics pipeline operating was a 24 hour a day job. Driving lorries filled with 2,000 gallons of high octane fuel as He-111’s dropped bombs could literally be a shattering experience. There is no doubt in my mind that many ‘civilian’ casualties during the Battle of Britain should, in fact, be listed as killed in action while serving their country. The number of men and women that served at RAF bases between 1939 and 1941 was far higher than actual recorded numbers in the archives. Many were temporary and had other civilian jobs in addition to their ground crew duties.
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