Hi 3500. Is making sense of this apparent contradiction, as...

Hi 3500.
Is making sense of this apparent contradiction, as simple as taking a different perspective?
As all this "covid" money is being released, Govt increases its deficits (at near zero coupon rates) however Private Company and Public money supply goes up with this new money. Like pouring fuel on the fire, markets are going up. Inflation is being held back by low demand.
We just have to hope the money is being spent on production rather than consumption.
This may continue until we see moves (taxes) to drag this money back off "us".
I think this is the concept of MMT (Modern monetary Theory) in a very basic form.