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Right now the global economy is wildly distorted. The distortions are enabled and perpetuated by money printing. A short list of the distortions off the top of my head -
The West (especially the US) is able to import goods for free without exporting a similar value of goods.
China is able to gobble up all the world's manufacturing by keeping their currency artificially weak.
Banks dominate the economies of the West when they produce no wealth.
Banks get infinite free money from the central banks. What other businesses get trillions of free money from the central bank?
Government can fund massive overreach via money printing, and can pay for vast social or military schemes.
Housing is so over valued it's laughable.
Stonks are in hyper-bubble territory.
All enabled by money printing, and all will end when hyperinflation hits.
