"Quantitative Easing" has created an enormous amount of value out of thin air. Well, not actually created - more like "teleports" value from all other existing earned money and imputed it upon the QE-created currency. This currency (being nothing more than a $0=-$1+$1 accounting trick) takes on value which wasn't earned, and is then given to the banks to do with as they will. Now with US$trillions being supplied from sources devoid of actual value creation (just imputation), there's a huge pile of money to get at without that pesky problem of actually earning it; banks and their well-connected cohorts proceed to route it into their bank accounts, making a few people fabulously wealthy under the current federal administration's cronyism. Meanwhile, people who actually earn their money see the associated value evaporate.

Not substantively different from straight-up classic inflation via over-printing of currency, other than more accounting tricks to replace physical media with digital ledger entries tracking valueless debt.