SpurMeUp
Les Howe
All the above, the world seems a mess also across the board. Banks going under, recessions forecast, food insecurity, proverty getting out of hand, Russian war....China looming....all in all a great time to be alive
Printing money is a big cause of the world's problems. Governments love printing cash. In the first year or two, it's party time. Then wages become worth less, and nations' economies are undermined. It used to be a no-no. Then the west invented 'quantitative easing', a digital means of putting more liquidity into an economy. It has uses of course. But then Covid, and all nations boyed by the new method of printing cash, turned on the money taps for a short-term cash fix.
The problem is democratic governments are often only around for a max of 5 years. Everyone wants to give out more money, no one wants to take it away again. Longer term we're all in the brick because of this. Argentina back to 100% inflation rate etc.