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The central bank is doing it, they just have a license to produce counterfeits. If you could get away with it, you would too. The ~2% target they aim for is re
by sparkie 4y ago
The central bank is doing it, they just have a license to produce counterfeits. If you could get away with it, you would too.
The ~2% target they aim for is really "this is probably what we can get away without without prices exploding so fast that people notice and start protesting our policies."
If they can get away with >2% they will. With a convenient excuse like COVID, they will not miss the opportunity to enrich themselves as much as possible, because its easy to shift the blame on price increases away from themselves.
Can guarantee they're eagerly awaiting the next emergency where creating trillions of dollars is 'the only solution.'