Very accurate. I was recently looking at the Investopedia and it really tries to downplay how much money printing creates inflation.

Whenever money is printed that money is spent at the "full value" and it takes time for the economy to get used to the dollar being devalued by more of it coming into existence.

The less money in circulation the less things will cost, the dollar would be more scarce. That's why people would be paid something like 1 dollar for their daily wage, there were fewer dollars available overall.