Simple: every other major currency block is also pursuing a highly inflationary policy. Hmm, I don't know, in the Eurozone inflation is high (~3.4%) at the mom

Simple: every other major currency block is also pursuing a highly inflationary policy. Hmm, I don't know, in the Eurozone inflation is high (~3.4%) at the moment, but it doesn't seem to be policy as much as they've been unable to prevent it. Target inflation for the ECB continues to be 2%.