Quote from: adzino on June 26, 2020, 08:52:16 PM

Quote from: john_cm on June 26, 2020, 08:49:10 AM

I still find it hard to wrap my head over the fact that most economist analyst is aware that continuous printing of money is deterrent to the economy and quality of life in the long-run, but still, the government keeps issuing endless bills. It's not my desire to politicize my views but ideally, economists should run most of the economic policies but it seems the economist is only a remote control tool used by the government to achieve political interest.

It seems the world now runs policies for immediate gains while trashing policies that bring future gains. Maybe I am having a distorted view, but looking at most government policies around the world, even a non-economist can tell that this will be disastrous in the future.

You said it your self, printing money is going to affect the economy badly in the long run. But the government is thinking about the short run. They know that bad affects that is going to take place, but to win peoples support they need show that they are fixing the economy. Thus, they start taking those stupid decisions. So, I guess they use economy as a political tool which they never should. But, yeah they are corrupted af and doesn't care about anything as long as they hold the power.

Politicians by nature are extremely shortsighted, they care only about getting elected themselves, getting reelected if possible under the rules of the political system of the country, getting their party elected, getting all the credit when something good happens and not getting any blame if something bad happens, so they do not really care about the long term economic health of the country as long as it does not happens on their watch, that way they can always put blame on another politician and get elected again, it is an incredibly simple way to do things and yet people fall over and over again in the same trick.