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... fustakrakich's conspiracy theories sucked up the brainspace in which he would otherwise have had the rudiments of monetary economics.

The central bank's quantitative easing, in its most charitable interpretation, has been injecting liquidity into a system by buying investors out of the market to nudge their funds elsewhere. Of course, greater demand for securities paid for by freshly-printed money has raised the prices of those securities as a side-effect, but unless the companies in questions are issuing more stocks or bonds, it does little for their cash position except as a side-effect of greater economic activity.

On the other hand, the inflationary pressures in the market (starting with the PPI, because that is closer to the measure that companies care about) actively hurt the companies, so this isn't exactly a corporate bonanza. Constrained supply is actually making things harder for them as well, and that includes labour supply which is choked, not merely by a limit on skilled hands, but public policies making employment harder and more expensive, which logistic and supply chains are still choked.

In other words, the cashnami isn't actually boosting overall productivity but boosting prices in a constrained environment, so while we could certainly have a 3.5 trillion budget, it would fall prey to the other side of the coin mentioned in the article: that the longer and harder government pushes things in one direction, the more pent-up pressure there is in the opposite direction and the correction is apt to be savage. A classic example is decades of increasingly aggressive pro-home-ownership pressures, culminating in the '07-'09 crash. The counterpart here is when an easy cash policy gets reversed, and the securities boosting gets reversed, securities are apt to drop in face value and floods of bargain-seekers are apt to pull their money back into that market.

Yet another fun part to this is that because wages and salaries are lagging numbers, inflation is effectively a tax on income. So if you want to print a flood of funny money, you're basically bending the working classes over a barrel and railing them, with the promised reach-around of government bennies. A hard-core communist could hardly ask for a more specific way of sticking it to the bourgeoisie.

The twitching shades of GDP increase that we're seeing in real money terms have more to do with contortions of the current market; some reshoring, raised demand for electronic goods and services, but also anything that looks like an energy market (look at the price at the pump if you want a proxy for that).