“ The Fed more than doubling their balance sheet by printing 5 trillion dollars during Covid is not a “corner case”. If you can’t figure out that this money is the source of all this new found “wealth” you see lately, then you sir are living in the alternate reality.”

Dz, I think talking about “money printing” is really stupid. It isn’t happening in a literal sense, and it is misleading as a metaphor for what the Fed does.

That said, seems like the right move was to buy hard assets that would be protected from inflation, and finance them with long term fixed rate debt that would be eroded away by inflation.