The end result of quantitative easing (governments printing money to pay their bills):
Lots of money. Nothing to buy.
100 Billion dollars. Three eggs. Go Keynes!
In 1980, the Zimbabwe dollar was worth more than the US dollar. In 2009 Mugabe’s government printed notes with a face value of 100 trillion dollars. At that time they were worth about $300 US. Shortly after that, Zimbabwe abandoned its own currency. Zim dollars were worth less than toilet paper, so that is what people used them for.
That is the end point of excessive government spending; an economy down the toilet.
