Only Fools believe there are no consequences for bad actions like this (What did they think was going to happen when you increased the monetary supply by 40% in two years?)
We live in a nation of fools. God help us.
They are following a different monetary policy.
I read about it some months ago and thought it was crazy. But it looks like they are serious about following it. It is based around the theory that money is not finite or limited as long as there is production and inflation does not truly factor into the policy. It comes from the American concept to “make money.”
The problem with the theory is the government cannot just keep creating money and hoping that something of value comes from making it ‘easy’ to get. It takes real innovation to add value to the concept of making money. History teaches us the only way for government to make money is to be constantly at war. #ukrainethat
of course there will be consequences for bad actions but in the meantime, the middle class is being destroyed because the people that actually worked and saved and served this country get NOTHING...