Okay, so I need you to show me when massive printing of fiat currency has not led to monetary collapse, because so far it has always led to monetary collapse.
Anytime you expand the monetary supply without economic growth, it has always led to inflation and eventual monetary collapse.
While, maybe there is no causation (doubtful) there is a massive correlation to it.
China invented fiat currency and it promptly collapsed. Rome debased their currency and it lead to the destruction of Rome.
Christ and the Caesars: Historical Sketches https://www.amazon.com/dp/1556358180/ref=cm_sw_r_cp_api_glt_fabc_GGG0160TGEMTYGNT7HJ0
Here is a sample of fiat currencies that were debased.
https://ginifoundation.org/kb/fiat-currency-graveyard-a-history-of-monetary-folly/
It is clearly arguable that the dollar would have collapsed already if it wasn’t for it being the reserve currency and that virtually all other monetary systems are also fiat currencies and in a race to devalue too.
https://fred.stlouisfed.org/series/MABMM301USM189S
Trump was wrong to spend like he did, I have complained constantly about it, but Biden has only wanted to increase the spending. This isn’t really a Presidential issue, it is a DC issue in general.
The day of reckoning is coming, and the poor will pay the worst price.
Feel free to prove that there hasn’t been a virtually 100% correlation with inflating the currency and prices rising. It is so much so, it can easily be attributed to causation.
You can simply prove it wrong, by demonstrating Weimar’s monetary collapse wasn’t because of printing, Venezuela, Argentina, Greece, Russia, all fall in line with the history of fiat currency.
When Money Dies: The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany https://www.amazon.com/dp/1586489941/ref=cm_sw_r_cp_api_glt_fabc_A16Z4130HBM092J3VQ2C
Dying of Money: Lessons of the Great German and American Inflations https://www.amazon.com/dp/B08X63DZ13/ref=cm_sw_r_cp_api_glt_fabc_F786XW2H0RZWAPH1H5ZX
When Money Destroys Nations: How Hyperinflation Ruined Zimbabwe, How Ordinary People Survived, and Warnings for Nations that Print Money https://www.amazon.com/dp/0620590033/ref=cm_sw_r_cp_api_glt_fabc_P8EB26RMT9H7E0KQPPF5
This is a problem with DC, all of it and it is only getting worse, because the party in power plans on buying the next election with spending.
We can pay a small price in the near future or a country wide price that will hurt the poor most of all in a little father future. Our kids won’t have as good of life as we did, even if they are middle class in the future and we were poor in the early 2000s.