You should stop stressing your brain..
Every country including the US, India and others suffered an economic contraction in 2020 due to covid induced lockdowns. Demand was unnaturally crushed across the world, and many industries part of the global supply chain were decimated. And when the lockdowns ended, Consumer demand roared back to normal in US, India and other countries, while Production could not ramp up so quickly, stressing supply chains and production capacity.
True. But that crushed demand caused job losses too which means liquid cash in the pockets of sundry consumers became rarer. So, when the lockdowns ended, the demand was artificially brought back with trillions of dollars pumped into US economy by printing money out of thin air, which aggravated the demand-supply ratio which was already stressed. And, that is called inflation.
US handed out doles during the lockdowns and so did India.
Not so fast. Wait there! Have a breather.
The comparison between what India did and what USA did, is an afront to any sane persons' intellect. India supported people who are identified to be the vulnerable ones. USA simply spread trillions around without any process to identify those who actually need it. Also, India didn't 'spread' the money. It provided minimum basic support in form of foodgrains and other basic things with minimum amount transferred to the women of the family. India didn't screw up the demand-supply ratio because people halming the mission weren't dumbasses who knew that printing money recklessly comes with a cost in future date. Obviously, the petro-dollar charged US govt didn't care about that.
Yes, there was too much money initially chasing too few items. But, it will normalize in the long run as Production rises. Economic /Fiscal policy is counter cyclical. US announced trillions in stimulus, and so did India announce a stimulus of Rupees 20 trillion, in 2020, but now as the economy has picked up pace, US is pulling back the stimulus by raising rates to decadal highs of 4.5 percent, and the Treasury is absorbing all that extra cash.. via Quantitative tightening.. and the rising rates make US treasury attractive in the open market.. Yes, it will take many years for the Treasury to shrink its balance sheets, but that is the direction things are headed..
It would have been laughable had it not been so outrageous the pathetic effort by you to justify trillions of $ spent by USA that is the root cause of the global economical downturn.
That years it will take to 'balance' the balance sheets by Treasury might be something US wouldn't have. The trust on US economy had been thin already after 2007, but the reckless way Fed is now screwing the global economy will and must come at a cost and the cost will be diversification from $ by the world.
The US is the least trustworthy nation in the whole world now. People may not speak it in open yet, but everyone knows it by now. Do you think common people of Europe will not be able to ever look up from the propaganda they are fed? May be not today because they don't see result of the fallout the industrial shrinkage yet, but once the dust settles and jobs becomes dearer where crushed EU economy no longer is able to support properly its population, the Nordstream sabotage will again come up for discussion. The Ukrainian fiasco headed by NATO under USA will come up for discussion. The corruption of Biden and his coteries that looted Ukraine and then shoved EU in front of the economic starvation by alieanating Russia, will be noticed by people.
When people are hungry they tend to forget to see the 'bigger picture'. People with their head out of their asses already can see how US is minting profit at the expense of EU.
At the end of the day, US economy is a credit based economy where only thing that keeps it afloat is the petro-dollar. If $ goes down where other economic powerhouses start diversifying their reserves, the $ will come flowing out of US and US will see that they are hardpressed to find buyers for their treasury bills.
