The Fed's Open Market Operations Are the Same as They Are Before 2008

The money didn't actually start leaving the treasury until 2021. And that's why we started to see some price inflation in 2021 a lot more since the November 2021. If you buy that the supply of money has an effect on this, that about a trillion came out of excess reserves between 2021 and now That's all the money that went into excess reserves, by the way, has now come out.