They inflate the currency supply and prices absorb the excess currency. The problem is that all the money printing has not made it into wages. So while purchasing power is reduced, the effect is exponential because wages aren't even rising in real terms, nevermind inflated terms.
They inflate the currency supply and prices absorb the excess currency. The problem is that all the money printing has not made it into wages. So while purchasing power is reduced, the effect is exponential because wages aren't even rising in real terms, nevermind inflated terms.
Wait until all that excess overseas currency comes back to roost.
The price increases at that point are purely unthinkable.