Yeah, gotta love the "modern monetary theory" of continue to print money. Can you imagine if inflation didn't steal out future, hollow out our savings, spending power, and doom our children to wage slavery?
We might buy land, and housing, the one thing the rich seem to want in great abundance. It's almost like fiat currency is a trick. You can print more money, mine more gold, even, but you can make more land.
Reminds me of how the Native Americans who were unfamiliar with European legal traditions, were tricked by settlers, into selling their land for beads, trinkets, and other item of low value. Now the American sells his land, and business for a worthless fiat currency, that has more in common with toilet paper than with a store of value. Fiat is a depreciating asset, and they make it near impossible for non-business, non-lawyer, non-uber wealthy to use wealth-generating or retaining vehicles, save the bond. They cap your IRAs, the banks give you nothing, while the fed gives them 10:1 for every dollar they take in.
All the while they slowly buy the land, the opportunities, the businesses that are successful, trading the worthless fiat they print, for the precious limited commodities of land, housing, and regional businesses. Speaking secularly, the land is the most valuable thing. Housing is valuable, because it is an asset, but the land is worth even more. Businesses that keep you from being a wage slave, are valuable. Beautiful family farms, passed from generation to generation, sold to corporate farms. Sold to Bill Gates's shell corp, sold to Blackrock Holdings.
I don't understand how I didn't see it before a few years back. Living in an apartment you can't afford, commuting in a car you can barely afford, to go into a job that you can't afford to lose, to go home and self medicate with what little is left over. What the heck are most people out here living for?
Money printer, very sadly, and very intentionally goes brrrr.