You forget one side of the equation: yes money is "printed" with abandon, but the other side gets an IOU, a debt, to repay with dividend. The government BORROW

You forget one side of the equation: yes money is "printed" with abandon, but the other side gets an IOU, a debt, to repay with dividend. The government BORROWS printed money, the FED emits debt against that money, and the hole keeps getting bigger. You certainly solved a short term problem, but you also created a long term one. Meanwhile, people make less children, immigration is reduced, debt buyers, the ones receiving the interest, are starting to think twice, someone will be left with the bag and it's gonna be the 401k bondholders relying on these debt interest to finance their non productive retirement. BTC is being bought maybe due to it's non correlation with those debts, but it's also printed virtually with absolutely no tangible value (the network can just collectively decide to change its rules with no legal repercussion), and gold definitely has tangible value (at least, it makes your wife smile and stop haggling when she gets some to put around her neck, so infinite value right there vs btc) and is bought in India and China to prepare for catastrophe, but it has many issues (heavy, hard to transport cross border, dangerous and expensive to store, concentrated in vaults against paper gold with all the issues that this creates etc)