When we look back to the Roman Empire, what they did, to save it, it's quite similar.
It doesn't surprise ; one does, whatever it takes, to save his homeland/nation. Usually.
I still wonder tho, will at some point, future generations will look back at these print out the thin air moments, as to a lesson, of what not to do.
(for that to happen,first, a real, financial crisis has to happen, not some farp in the wind, like corona or 08's)
The theory, (by some), that China had it as a plan, to spread this nonsense, while being prepared, makes some sense, since the damage done to them, is smaller(?), than to EU and US.
Both EU and US went print out of the thin air road.
That's a hit to the rep, is it not ?
Did China printed Yuan out of the thin air during this ? (wasn't following the news lately)
Disclaimer : im not taking any sides in here, just looking at it, as of chess game of major powers.