when countrys can print their own money they ALWAYS abuse it to win votes.
When bubbles grow they should burst them, take housing in australia now around 9x years wages when it has always been 4x.
Even the stock market is running hot with PE ratio's well above what they should be..
This always leads to tears and big loss's when it bursts.. if we was on a gold system, then these giant bubbles cant happen.
Take america, if they had let the bubbles burst in 2007 and didnt print money doing all that QE, the GFC would be over now and we would be back to businiess.. instead all bubbles are now even more inflated than in 2007 setup for a bigger crash.
fiat money system only suits politicians as a vote creating tool
