I'm no economist but my understanding is that even though we are printing money like MMT advocates, we are not implementing any of the policy decisions to combat inflation. Namely large tax increases on ultra rich.

Since we've started printing we seen a huge rise in wealth inequality and more billionaires than ever, but we don't fight the inflation with high taxes on them so assets they use (high end real estate, art, crypto, yachts) have blown up as have things they invest the extra money into (middle class housing). We should be getting ride of the extra cash floating around with higher taxes.