I guess "everyone" is wrong. The huge influx of money is part of it but the current inflation doesn't have just one cause. There is a huge spike in energy costs partially from the war in Ukraine, partially from a decrease in production by the prices cratering in 2020 and partially from an increase in demand. There are huge supply chain problems everywhere. Massive labor shortages. I'm sure I'm missing some others. This isn't a simple problem with a simple cause.