US: has there been too much stimulus in the face of the pandemic?

The responsiveness of policymakers at the start of the pandemic is often lauded. Thanks to a strong and rapid response, the US recession only lasted three months and did not leave a credit squeeze and waves of bankruptcies in its wake. After the 2008 financial crisis, the criticism was that too little was done, too late. Now, with inflation accelerating, the criticism is that too much was done, for too long. In fact, the strength of price pressures does not come from widespread e...