40% of all dollars (paper and digital) have been created in the last 2 years.
Simply not true. April 2020 the total currency in circulation (digital and printed) was $1887.370 billion. April 2022 $2,269.832 billion. That's a 20.25% increase. Still an alarmingly high amount.
If you look at the data the federal reserve provides you'll notice the increase actually took off rapidly after the 2008 market crash & bailout. There was a higher month over month increase during that time period than now even.
For that same previous two year period the DOW went from 20,186 to 34,618. An increase of 71.4%. Anyone invested in a simple index fund has outpaced inflation by an insane amount. This shows that the economy as a whole is doing some pretty wild things.