“money printing = devaluation → inflation”—that is kind of obvious—I would start with asking what are the arguments against it. In 2008 it did not work that way—so it looks kind of disproved, but times are changing. The Ray Dalio recent blog posts suggest that the USD global reserve status might be at the end of its cycle. Another thing is that the US government debt it increasing and at some day it will reach one of two reinforcing thresholds: one where investors would start seeing it as dangerous (and demand higher rates) and the other where servicing that debt becomes burdensome and the US government would have to devalue it.
“money printing = devaluation → inflation”—that is kind of obvious—I would start with asking what are the arguments against it. In 2008 it did not work that way—so it looks kind of disproved, but times are changing. The Ray Dalio recent blog posts suggest that the USD global reserve status might be at the end of its cycle. Another thing is that the US government debt it increasing and at some day it will reach one of two reinforcing thresholds: one where investors would start seeing it as dangerous (and demand higher rates) and the other where servicing that debt becomes burdensome and the US government would have to devalue it.