> printing money
Something it cannot do without increasing its own borrowing costs, and reducing the import purchasing power of its currency. This has been tried and doesn't work: https://en.wikipedia.org/wiki/Black_Wednesday
Something it cannot do without increasing its own borrowing costs, and reducing the import purchasing power of its currency. This has been tried and doesn't work: https://en.wikipedia.org/wiki/Black_Wednesday
I've come to realize that there are a significant number of politicians who will happily oversee 100 units of 'destruction' if it means they are able to generate 1 unit of personal profit in the process. When applied to an entire nation state, the results are significant. Look at the corrupt wealth generated by the current US Speaker of the House, for example.