If we go beyond Econ 101, what scenario do you envision in 2021 where everyone gets money handed out to them and either (a) prices go down or (b) people get happier?
There is no practical way that handing out more money is going to create more resources. In theory there might be one, but in practice the globe just shut down percentages of the economy in response to the coronavirus. There are still policies in place where people willing and able to work are being mass-ejected from their jobs. Add money handouts to that and the only way to be surprised if prices go up is to be not paying any attention to anything economic.
There is no practical way that handing out more money is going to create more resources. In theory there might be one, but in practice the globe just shut down percentages of the economy in response to the coronavirus. There are still policies in place where people willing and able to work are being mass-ejected from their jobs. Add money handouts to that and the only way to be surprised if prices go up is to be not paying any attention to anything economic.