> The cause is trivial: Governments are given the 'infinite money' machine and they abuse it. They abuse it like if they were primary school kids, thinking prin

> The cause is trivial: Governments are given the 'infinite money' machine and they abuse it. They abuse it like if they were primary school kids, thinking printing money to pay for stuff is a valid solution, its unbelievable but they truly did this for decades. Primary school kids? I disagree. As I wrote above, they know exactly what they're doing. It's just the easiest way for politicians, as long as citizens don't demand honest policies. Honest policies means: ressources can only be allocated once. So because they're scarce, politicians (would ideally) have to decide where to cut allocation and where to increase. But cutting allocation gets them bad rep, so they avoid it. So instead they borrow/print money and spend it as they promise prior to elections. Which does exactly the same thing under the hood. Printing money allocates _less_ ressources to everything _but_ those things where the printed money goes. It just dilutes the value, so the amount by which the whole pool was diluted can be freely allocated. It's relatively easy to do. Currently, because people have difficulties arguing against it and there's a deeply ingrained culture that justifies it, there's not much opposition. That's why they do it.