The money pooled where it always does, with the rich. This is why the utra-rich do not mind inflation or the government printing money, because both of those things make them richer.
(1) The price of goods increase, the person selling those goods gets richer.
(2)The government gives money to poor people, they spend it buying goods from the rich.
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Exactly
(3) The people buy on credit and pay the increasing prices, plus the higher interest rates.
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