Steve's barking at a variation of the term for inflation

Every ex college person who took a course in economics knows inflation is when too much money chases too few goods.
We constantly look at too much money, with out defining what too much money is?
In places like San Francisco, New York City, and South Dakota we have inflation of housing (I imagine Russia Moscow is the same). There are people who command a great deal of money and have it, enough to push the price of housing up almost unaffordable to the rest of us folk. Now a majority of these folk are not rich by any imagination, it's just that they make much more then the previous average person who live in these places. As the amount of these more prosperous people come to these places to live they inflate the price of housing. Part of what I'm trying to say that part of the equation of inflation is the increase of need raise the price, the raising of price or prices the average Joe or Josephine would consider inflation.

Speaking of money, there are some, how should I say this, uh being kind, I'll just say people who look at the FEDS uh quantitative easing and say the FED is printing money, oh my, the end of the world is coming. Inflation is just around the corner. Stop it. The real term should be too much money in circulation going after a shortage of various products inflates the price of those products (usually).
The FED buying a product, (Bonds, and Notes) doesn't necessarily putting that money in circulation.