The traditional idea of money printing is what happened in Zimbabwe, Hungary, or Weimar.
The Fed is NOT doing that - despite claims that they are by the gold-centric newsletter community (who wants you to buy their product).
Quantitative Easing is NOT money printing, at best it is BANK RESERVE printing, that actually sucks money out of the system.
So QE IS deflationary.
Certainly, the experience of Japan over the past twenty years does not indicate that QE is money printing.
While there is a lot of things wrong with the Fed, and the bloated US government debt to say they are money printing is deliberate misinformation, from those who are talking their own book.
Sure, we have had asset price inflation, as banks likely have lent to well-heeled investors and NOT main street.
And of course, we have pockets of price rises inflation as harsh weather, lack of water, and increased population have pushed pressure on food prices.
But if we were having broad-based inflation we would be seeing increase in money velocity and that is not the case.
I agree we COULD have a stagflationary environment, as demand for goods outstrips falling output, but it is not due to money printing (at least using the approach of the Weimar Republic in the 1920s).