Has the stimulus check Bush sent out actually devalued the U.S. dollar?

Question

Has the stimulus check Bush sent out actually devalued the U.S. dollar?

Answer 1

No.

The stimulus check was not an increase in the supply of money, it was a transfer payment from the US government to its citizens. The supply of money never changed; only the individuals who possess the money.

Answer 2

No; I don't think it has.

Answer 3

It wouldn't surprise me if it has.  Our monetary system used to be based on the gold standard; however, this is not the case anymore.  Now our money can be printed at leisure by the government and value of the American dollar has dropped dramatically.