The Fed, its Wall Street owners and the US Government seem to be on a mindless spree to destroy the US Dollar as the world’s reserve currency.
Having such has allowed every progressive scheme imaginable to be funded. It also why Conservatives are constantly on their heels when battling big government and the progressives within it - they have the power of printed money behind them.
You’re absolutely correct. The printing of more and more money is like cocaine to addicts. A lot of people cannot say no to this feel good delusion? Sooner or later, there’s going to be a serious meltdown.
“The printing of more and more money is like cocaine to addicts.”
The main thing that has allowed America to live so far above its means for all these years has been the use of the dollar as a global reserve currency. Our military strength and influence has also helped here. Consider Saudi Arabia selling us oil for dollars in return for our protecting their royal family.
The fact that international transactions are settled in US dollars has effectively allowed us to export what would have been hyper-inflation by purchasing goods and resources with increasingly diluted currency.
Nothing (of this world anyway) lasts forever.