That is akin to thinking that an overabundance of rulers is causing lumber prices to rise. Money, like inches, pounds, etc. is nothing more than a way of measuring real resources and assets.
Instead of fixating on the "amount" of money in circulation, we should be paying attention to who is benefiting from money creation. It certainly isn't the Main St economy or the working class. Our sovereign fiat currency has been socialized to the already wealthy and withheld from the general-purpose since the '80s, and it is literally killing fellow citizens by the thousands.
While much of the population sees economics as just an academic exercise, it has been weaponized with propaganda and misinformation to the great benefit of the Capitalist class and the great harm of the rest of us. Austerity is murder by proxy.