But the two are in a clear conflict of interest. The reason these contradictions are being posted is because depending on which team you play for, the objectives are very different.
If you are the united states, you want to get enough legal tender in the economy again the same way the conductor shovels coal into the train's engine. If you are China, your objective is to dump that currency just as fast if not faster.
Different teams different goals.
Most americans do not have much in savings and often live paycheck to paycheck. What assets they do own are tied into loan payments and 15 to 30 yr mortgages. Inflation thus is a godsend since inflation erodes the value of both savings and debt.
China however has over 2.6 trillion in savings in the form of foreign currencies and foreign treasuries. As a result, whenever someone is printing money and enriching themselves the very same money you spent years in saving, it depletes the value of your previous work.
The CCP makes too many bad decisions, and this is one of them. I am not a classical economist by any means. I strongly favor a fiat currency regime. But not the foreign currency regime of another nation. Doing so means you help pay for their standard of living and the cost of their wars.
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