Currency debasement never works – just ask Henry VIII – Telegraph Blogs
The thing is that Henry 8th did not have to get re-elected. Politicians these days can only see 5 years ahead. And the easy way out is inflation.
This will eventually lead to hyper inflation. And everyone will try to borrow - not save. One day the whole system will crash - like Weimer.
Not that it led to depression. And probably will not this time. But cash will be worth nothing. Assets everything.
