Is what FTX did much different than what the US Treasury does when it just “creates” new dollars?
A central bank inflating a currency so the government doesn’t have to pay what it truly owes is the most heinous thing imaginable. They are stealing trillions upon trillions of our wealth to benefit the government.
Of course, that same government gave away trillions upon trillions it didn’t have which ignited that inflation that benefits the government.
In a just world, the people who do that would be executed.
The difference is, that the FTX scheme was pretty much exclusively for Democrat Socialist money laundering purposes, whereas the US Treasury scheme is used to “monetize” the national debt, and has a very direct effect on inflation rates.