[zorton]

It's easy to blame an individual administration but the reality is pure fiat currencies will always end in this way. When was the last time the US had a balanced budget? Clinton? If you don't have a constraint on printing new currency you will always print more.

A good example I heard today was this. Imagine if you have a legit money printer. Show me the most pure human and eventually they will hit that button and print new money. That's what we've been doing for a long time now to finance all the wars and bailouts.

https://fred.stlouisfed.org/series/M2SL

A good book: https://www.lynalden.com/broken-money/

[PartiallyTyped]

It isn't just one administration. There's quite a bit of consistency over which administrations are "good" for the economy and the people, and which are "bad".

[justinrubek]

Oh we can happily blame every administration that did this. It may be the natural conclusion of this behavior but that doesn't mean we need to continually rush head first into trouble. The current administration absolutely needs to shoulder more scrutiny than the past ones because they are actively making decisions. They don't get a pass just because the others did it too.